Nomura Axes Cash Prime Brokerage In Us, Europe After Archegos: Sources, Banking News & Top Stories - The Straits Times
July 07, 2021 9:00 AMThe company is pulling the plug on a large chunk of its hedge fund business. : FRANKFURT (BLOOMBERG) - Nomura Holdings is pulling the plug on a large chunk of its hedge fund business as the deep losses the lender sustained through the collapse of Archegos Capital Management continue to ripple through the organisation. The Japanese bank has decided to stop offering cash prime brokerage services in the United States and Europe, sources familiar with the matter said.
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