Thanks Subprime: Nomura reports 1st loss in 18 quarters
Published October 28th, 2007 in Markets, Banks. Tags: investments, japan, mortgages, nikkei, subprime.Japan’s largest securities firm reported its first loss in 18 quarters, or 4.5 years, thanks, in part to the problems in the US subprime mortgage market. Their net loss was $92 million compared to income of nearly $400 million a year ago. Nomura is already down some 18 percent this year underperforming the Topix significantly. Nomura is currently focusing its investment strategy in Asia.
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