The warning by Japanese investment bank Nomura that it could incur billions of dollars in losses at a U.S. subsidiary was “pretty unfortunate,” an analyst said on Tuesday.
Nomura on Monday flagged a potential $2 billion loss resulting from transactions with a client stateside. The bank’s shares in Japan plunged following that announcement, declining more than 16% on Monday. Those losses extended into Tuesday, with shares declining 0.66% on the day.
“It’s pretty unfortunate for Nomura,” Pramod Shenoi, head of Asia-Pacific financials research at research firm CreditSights, told CNBC’s “Street Signs Asia.”
The exact allegations Sullivan is pursuing remain unclear. Sullivan has not referred any case against the Fattmansto Attorney General Maura Healey’s office, which in turn could pursue a criminal or civil probe of its own, and Sullivan’s office has not detailed what it’s investigating. The Fattmans’ lawsuit also accuses Sullivan of not providing a full explanationof the evidence he’s compiled.
But the Fattmans — in both their complaint and a lengthy statement released Friday by the senator — said that Sullivan launched a probe in December, including into contributions Ryan Fattman’s campaign made to state and local Republican
LONDON — European countries could experience a “tremendous acceleration of growth” in the summer, as vaccinations are stepped up, Dutch Finance Minister Wopke Hoekstra told CNBC.
European economies are wrestling against one of the deepest shocks in history. The coronavirus pandemic has halted much of Europe’s economic activity and the Covid-19 vaccine rollout has been bumpy. Euro zone member states contracted by almost 7% in 2020 and strict social restrictions are still in place, clouding the prospects for 2021.
The European Commission, the EU’s executive arm, turned more negative on the economic recovery, cutting its GDP forecast for the year
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