UPDATE 1-Nomura blasts U.S. agency at mortgage bond trial's close

April 9, 2015 8:36 PM

64 0

NEW YORK, April 9 (Reuters) - A lawyer for Nomura Holdings Inc argued on Thursday that a U.S. regulator relied on "voodoo science" to pursue claims that the bank made false statements in selling $2 billion in mortgage-backed securities to Fannie Mae and Freddie Mac.

David Tulchin, Nomura's lawyer, urged a Manhattan federal judge to reject the Federal Housing Finance Agency's bid to make the Tokyo-based bank and Royal Bank of Scotland Group Plc pay $1.1 billion over securities they sold ahead of the 2008 financial crisis.

Read more

To category page