What challenges are authorities and investors facing in understanding the situation?
Nomura Warns of ‘Significant’ Loss From Unnamed U.S. Client
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The transcript discusses Nomura's involvement in market chaos due to block trades linked to Wang's firm. Nomura's statement revealed a potential $2 billion loss, causing surprise among investors. Key questions remain about risk management and other involved banks. Legacy issues at Nomura are also highlighted.
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What legacy issues does the company Lightning Moore have that may relate to this situation?
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