Market Chatter: Nomura Faces Trading Halts From Major Japanese Financial Institutions Amid Scandal

MT Newswires Live10-18

Several of Japan's largest financial institutions have suspended trading activities with Nomura Holdings (NMR) following a market manipulation scandal, Bloomberg reported Friday, citing people familiar with the matter.

The report said at least 10 firms, including major life insurers, trust banks and asset management companies, have temporarily halted some business with Nomura due to the breach.

The institutions may resume their equity or bond dealings with Nomura once the company outlines measures to prevent future incidents, according to the report.

"As it is up to our clients to make decisions regarding individual transactions, we are not in a position to answer," a spokesperson for Nomura told Bloomberg News.

MT Newswires could not immediately reach Nomura for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment