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Nomura and RBS appeal likely to fail

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A U.S. appeals court appeared unlikely on Friday to overturn an order requiring Nomura Holdings and Royal Bank of Scotland to pay $839m for making false statements while selling mortgage-backed securities to Fannie Mae and Freddie Mac.

Nomura says regulator relied on 'voodoo science'

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A lawyer for Nomura Holdings argued on Thursday that a U.S. regulator relied on 'voodoo science' to pursue claims that the bank made false statements in selling $2bn in mortgage-backed securities to Fannie Mae and Freddie Mac.

Nomura to defend US mortgage allegations

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Nomura will defend claims by a U.S. regulator that it sold defective mortgage-backed securities to Fannie Mae and Freddie Mac before the 2008 financial crisis, becoming the first bank to take such a case to trial.

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Nomura and RBS appeal likely to fail

A U.S. appeals court appeared unlikely on Friday to overturn an order requiring Nomura Holdings and Royal Bank of Scotland to pay $839m for making false statements while selling mortgage-backed securities to Fannie Mae and Freddie Mac.