Nomura Holdings slashes EU assets by 83%

The debt crisis caused Japan’s largest brokerage to reduce its assets in Italy.

According to Bloomberg, Nomura slashed its assets linked to Italy by 83% from end of September.

In the statement made by the company, the total for Italy was reduced to $467 million as of Nov. 24 from almost $2.82 billion.

Bloomberg noted that the securities firm cut the value of assets linked to Spain by 62 percent from Sept. 30 to $175 million, while Greece’s was cut 43 percent to $27 million, it said.

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