Nomura to shutter U.S. mortgage business

Story date: 2007-10-15 05:29:00
Added on: 2007-10-15 07:22:24

BusinessWeek - Nomura's woes follow a string of losses at major U.S. and European banks from exposure to risky loans made to individuals with poor credit histories. Mortgage-backed securities are created by bundling together these home loans and repackaging them as ...


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