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UPDATE 2-Nomura swings to Q2 loss on one-off costs, slump in wholesale unit's profits [Reuters (UK)]

Nomura Holdings Inc ADR American Depositary Shares (NMR) 
US:NYSE Investor Relations: nomuraholdings.com/investor
Company Research Source: Reuters
UPDATE 2-Nomura swings to Q2 loss on one-off costs, slump in wholesale unit's profits | Reuters 4 Min Read * Q2 net loss Y11.2 bln vs Y51.9 bln profit a year earlier * Books Y20 bln charge related to U.S. settlement * Profits at wholesale and retail divisions tumble (Add CFO’s comments from conference) By Taiga Uranaka TOKYO, Oct 31 (Reuters) - Nomura Holdings, Japan’s biggest brokerage and investment bank, posted its first quarterly loss in over two years as it absorbed one-off costs and suffered sliding profits in its key wholesale and retail businesses. The results highlight Nomura’s struggle to consistently drive profit growth at its key businesses, and contrast with surging profits at top Wall Street rivals such as Goldman Sachs and Morgan Stanley which were helped by strength in stock trading and equity underwriting. And a third straight quarter of pre-tax losses in its overseas operations show it is unable to stabilise them a decade after buying parts of Lehman Brothers’ busine Show less Read more
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