Nomura flags  billion loss, cancels bond issue; shares plummet

Nomura flags $2 billion loss, cancels bond issue; shares plummet

By Makiko Yamazaki and Stanley White

TOKYO (Reuters) -Nomura Holdings Inc on Monday flagged a possible $2 billion loss at a U.S. subsidiary, prompting Japan’s biggest brokerage and investment bank to shelve a hefty bond issuance and sending its stock tumbling by the most in over a decade.

Nomura’s stock was greeted by a deluge of sell orders at market open, pushing its price down as much 16% in early trade.

The firm in a statement said the $2 billion hit derived from transactions with a U.S….


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