Japan's Nomura flags $2b loss at US subsidiary, cancels bond issue

Japan's Nomura flags $2b loss at US subsidiary, cancels bond issue

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

Japan’s Nomura Holdings Inc on Monday flagged a potential $2 billion loss at a U.S. subsidiary arising from transactions with a U.S. client, and separately said it would cancel a planned hefty bond issuance due to the possible loss.