Reuters: Regulatory News: Nomura says Italian prosecutors ordered unit's assets frozen

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Nomura says Italian prosecutors ordered unit's assets frozen Apr 26th 2013, 08:11 TOKYO, April 26 | Fri Apr 26, 2013 4:11am EDT TOKYO, April 26 (Reuters) - Nomura Holdings said on Friday that Italian prosecutors had ordered a unit's assets in Italy frozen in relation to an ongoing legal dispute over a derivates financing deal with Italian bank Monte Dei Paschi . Nomura Chief Financial Officer Shigesuke Kashiwagi told an earnings briefing that it had been informed of the order over Nomura Bank International's (NBI) assets in Italy on April 23, which it said comprised a small amount of cash and receivables. Kashiwagi said Nomura believed the move was unwarranted given that NBI was not directly involved in the derivatives trades with Monte Dei Paschi. Kashiwagi added that the action would have no impact on the settlement of the Japanese bank's trades across Europe.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions