Financial Crime Financial Crime

Nomura faces London High Court claim from Dutch housing body over derivatives losses

By Martin Coyle
  • 03 Feb 2022 09:01
  • 03 Feb 2022 09:24
Japanese bank Nomura International faces a multimillion-euro claim brought in the UK by a Dutch housing association which lost 2.5 billion euros ($2.8 billion) from several banks after purchasing derivatives products from them.

Stichting Vestia is suing Nomura in a claim related to “derivatives/complex financial products,” according to a claim lodge

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Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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