Nomura Holdings, Japan's leading brokerage, has announced a third quarter loss of ¥342.9 billion ($3.8 billion). The financial services company said the losses were driven by a series of "one-off" losses from exposure to Madoff funds, Icelandic banks, monoline insurers, real estate, investment securities and the acquisition of Lehman Brothers' Asia Pacific operations, as well as tumultous market conditions.
Source: Risk magazine | 27 Jan 2009
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