Nomura reviews viability of swaps clearing business
The bank may shutter its OTC clearing offering in the US and Europe following an internal review that is expected to be completed within weeks
Nomura is reviewing the viability of its over-the-counter client clearing business in the US and Europe, a spokesperson for the bank has confirmed. A final decision on whether to exit the business is expected within the next few weeks.
The firm's clearing services in Japan are not subject to the review and will continue to be offered regardless of the fate of its international clearing businesses, according to a source familiar with the matter.
Nomura has "struggled to find clients," says a
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