Nomura’s wholesale business makes a loss

Jasper Cox

April 25, 2019 02:30 pm

Nomura8_PA_230x150 — June 23, 2017 - Tokyo, Tokyo, Japan - Venezuela's central bank is seeking to sell fixed-income securities to Nomura Holdings Inc as a way of raising cash amid an economic crisis, an opposition deputy and a finance industry source said on Thursday, only weeks after a similar deal embroiled the Japanese bank in controversy. Opposition legislators this month publicly chided Nomura for participating along with Goldman Sachs Group Inc in a$2.9 billion bond operation that helped the government of President Nicolas Maduro bolster the country's flagging foreign currency reserves. (Credit Image: © Alessandro Di Ciommo via ZUMA Wire) | Alessandro Di Ciommo/Zuma Press/PA Images

Nomura announced in its results on Thursday that its wholesale business made a loss both in the fourth quarter and in the year as a whole. The Japanese bank is looking to cut back the division.

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Nomura Bank Results Americas EMEA People and Markets Bank Strategy Japan Northeast Asia Asia Pacific Europe Asia

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Jasper Cox