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Nomura reports biggest quarterly loss in over a decade on Archegos hit

TOKYO, April 27 (Reuters) - Nomura Holdings Inc, Japan’s biggest brokerage and investment bank, reported on Tuesday its biggest quarterly net loss since the 2008 global financial crisis, taking a 245.7 billion yen ($2.3 billion) hit from the collapse of U.S. investment fund Archegos.

Its January-March net loss came in at 155.4 billion yen , versus a 34.48 billion yen loss a year earlier when global stock markets were battered by the coronavirus pandemic. ($1 = 108.2300 yen) (Reporting by Makiko Yamazaki and Takashi Umekawa; Editing by Himani Sarkar and Edwina Gibbs)

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