Nomura Is Assessing Cause of Potential Loss Tied to U.S. Client
- Too early to say how it might impact profit, executive says
- Says Japanese firm has had a long relationship with Hwang
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Nomura Holdings Inc. has begun assessing the cause of the possible loss tied to a U.S. client and it’s too early to say how it might impact profit, an executive said.
The executive, who asked not to be identified, spoke a day after Japan’s biggest brokerage warned that it faces a “significant” potential loss stemming from transactions with the client, which Bloomberg has identified as Bill Hwang’s Archegos Capital Management.