Nomura’s wholesale business makes a loss
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.
The wholesale division made a net revenue of ¥555bn ($4.96bn) over the financial year ending on March 31, a 22% drop on the previous one. Non-interest expenses increased by 8.5% thanks to a goodwill impairment, meaning the division made a ¥111bn loss.In the fourth quarter, it lost ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org