Japan's Nomura seeks to suspend part of cash-prime brokerage biz

Japan's Nomura seeks to suspend part of cash-prime brokerage biz

FILE PHOTO- The logo of Nomura Securities is pictured at the company's Otemachi Head Office in Tokyo, Japan, November 18, 2016. REUTERS/Toru Hanai/File Photo

Nomura Holdings Inc plans to suspend part of its cashprime brokerage business after sustaining a $2.9 billion hit from the collapse of U.S. investment fund Archegos, a person familiar with the matter said on Wednesday.