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The giant financial services group has settled Justice Department allegations that its management of residential mortgage-backed securities (RMBS) was not up to par.
The U.S. Justice Department has settled with Nomura Holding America Inc. and its affiliates over federal civil claims that Nomura allegedly misled investors via the marketing, sale and issuance of residential mortgage-backed securities (RMBS) between 2006 and 2007, government and bank officials confirm. The settlement will cost Nomura $480 million, and Nomura officials say firm...
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