'The group expects to enter into negotiations to settle some of these investigations in the near term and believes the probable outcome is that it will incur financial penalties', RBS said as it presented third-quarter results on Friday.
In the meantime, Bloomberg reports that Nomura has said there is a 'strong possibility' that it was involved in another insider-trading incident unveiled by the country’s securities watchdog today.
The Japanese Securities and Exchange Surveillance Commission said Friday that Japan Advisory Ltd., a hedge fund advisory firm, traded shares of Elpida Memory Inc. before the company announced an equity offering in 2011, based on information from an unidentified underwriter. Nomura was one of the underwriters of that share sale.
image: © Lisamarie Babik