Nomura Sued by Six Taiwanese Banks Over Soured Syndicated Loan

  • Banks say Nomura failed to extend loan portion to Ultrasonic
  • Borrower’s CEO went missing less than one month after drawdown

Six Taiwanese banks filed a lawsuit against a unit of Nomura Holdings Inc. yesterday, saying it failed to extend its portion of a syndicated loan to a now-insolvent shoemaker, Ultrasonic AG.

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