Source: financial community network
Financial circles Network March 29 News Japanese Investment BankNomura HoldingsAn incident on March 26 could cause one of its US subsidiaries to suffer huge losses as a result of a deal with a US client, it said in a statement on Monday. The amount of money requested by Nomura Holdings from the customer is estimated to be about $2 billion at the time of the 26th. The bank said it was assessing the extent of any losses and its impact on performance.
As a result, Nomura's shares tumbled 16.3%, the biggest drop on record. The issue of dollar-denominated ordinary corporate bonds (about $3.25 billion), which the company decided on March 23rd, also decided to stop.
Nomura did not disclose the name of the client. But before that,Goldman SachsSell individual stocks of Chinese technology and American media with "Block Trade". It is also reported that Archegos Capital Management, owned by Bill Hwang, a former Tiger Asia manager, has unsold shares worth nearly $30 billion in recent days.
Nomura reported a 23% annual increase in consolidated net profit in the first three quarters of 2020 (April to December) to 308.5 billion yen. It is estimated that there may be an increase or decrease in the amount of position consolidation, but it is possible to incur a loss equivalent to the claim amount in the latest quarter (January-March 2021).