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Nomura's problems in the U.S. have been a blow for Kentaro Okuda at the end of his first year as chief executive. (Source photos by Tetsuya Kitayama and Reuters) 
Business Spotlight

Nomura's stability boast undermined by Archegos woes

Warning over possible $2bn US loss hits CEO's pursuit of less risky performance

MITSURU OBE, Nikkei staff writer | Japan

TOKYO -- For Nomura, disaster struck with the financial year's finish line in sight.

Japan's biggest brokerage house was just two days from closing its most successful fiscal year when, on March 29, it warned of a possible $2 billion loss in the U.S.

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