Nomura posts loss of $2.3 billion from trades tied to Archegos

Nomura Holdings Inc. on Tuesday posted a loss of $2.3 billion from trades tied to U.S. investment firm Archegos Capital Management in the business year ended March.Nomura said the loss from the U.S. transaction will further dent its profit by roughly 62 billion yen ($572 million) in the year through March 2022.Japan's biggest brokerage posted a net profit of 153.12 billion yen in the reporting year, sinking 29.4 percent from a year earlier, on net revenue of 1.40 trillion yen, up 8.9 percent.Nomura said the loss is linked to trades with a "U.S. client," but people with knowledge of the matt…READ FULL ARTICLE