Nomura Holdings

Defective Mortgage Loans Cost Nomura and RBS US$806 million

As the US District Judge, Denise Cote pronounced, “The magnitude of falsity, conservatively measured, is enormous”, the Nomura Holdings Inc and Royal Bank of Scotland Group Plc were ordered to jointly pay US$806m to Fannie Mae and Freddie Mac, for sale of defective residential mortgage-backed... read more

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