Nomura

    • UniCredit, Nomura, UBS suffer €371m antitrust fine

      UniCredit, Nomura, UBS suffer €371m antitrust fine

      UniCredit, Nomura and UBS were fined with a total of 371 euros by the EU antitrust regulator over illegal agreements, linked to fixed income securities, Reuters reported. According to the EU regulator the three banks had a cartel agreement linked to trading with government bonds. UniCredit said it would appeal to the European Courts and UBS said it was considering doing so. Nomura, which was also fined, was not immediately available for comment.

      480
    • Archegos drags Nomura to a worst in decade loss

      Archegos drags Nomura to a worst in decade loss

      The Japanese financial and brokerage conglomerate Nomura announced it had suffered a 1.4bn dollars loss in the first quarter of this year due to pandemic slowdown which further worsened the $2.3bn hit caused by the collapse of US investment fund Archegos, Reuters reported. The loss unveiled by Nomura is the worst since the 2008 acute financial crisis. Nomura noted that it expects to book a further $570 million in charges this year, related to Archegos bankruptcy.

      137