Nomura Posts Loss, Suspends Executives in Archegos Rout

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Apr.27 -- Nomura Holdings Inc. suspended a group of senior executives at its investment bank and replaced a top risk official. Japan’s biggest brokerage is reeling from billions of dollars of losses on trades with Archegos Capital Management. Nomura logged a fourth-quarter net loss of 155.4 billion yen ($1.4 billion), its biggest since the global financial crisis. Michael Makdad, senior equity analyst at Morningstar, discusses the prospects for Nomura on "Bloomberg Daybreak: Asia."
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