Nomura probes India fixed-income business over profit inflation - report

Investing.com -- Nomura Holdings is conducting an investigation into its India fixed-income business to determine if profits were inflated in recent years, according to a Bloomberg News report published Monday.

The Japanese investment bank’s inquiry is specifically examining how the company valued trades in STRIPS, Bloomberg reported, citing people familiar with the matter.

The compliance unit at Nomura began scrutinizing the valuation and accounting practices of its local primary dealership approximately one month ago, the report added.

Nomura Holdings (TYO:8604) operates as one of Japan’s major investment banking and securities firms with global operations, including significant presence in Asian markets.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.