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1 year ago

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Breakingviews - Credit Suisse's corpse drags on Nomura

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Breakingviews - Credit Suisse's corpse drags on Nomura

The $12 billion Japanese bank's net profit plunged 76% year-on-year to 7.4 billion yen ($55 million) in the three months ending March. That undoes a decent recovery trend and pushes the fiscal year's earnings down by a third. Return on equity fell to a parlous 3.1%, far below the 8%-10% target. Like peers, it is feeling the pain of the Silicon Valley Bank crisis and Credit Suisse's collapse.

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Breakingviews - Credit Suisse's corpse drags on Nomura

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Breakingviews - Credit Suisse's corpse drags on Nomura

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