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HSBC Sues Nomura Unit For $278M In Alleged MBS Losses

By Max Stendahl (July 30, 2012, 1:56 PM EDT) -- HSBC Bank USA NA hit a Nomura Holdings Inc. unit with two lawsuits in New York state court on Friday, seeking $278 million in damages and claiming the Japanese firm breached the terms of mortgage-backed securities deals backed by dubious loans....

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