Giovanni Lombardo, a bond salesman for Nomura Holdings Inc. in London, was starting to worry about Alberto Statti. Statti, a trader with a taste for red wine and three-piece suits, had come from obscurity offering to buy hundreds of millions of dollars of bonds from Nomura. Yet his brokerage, Invexstar Capital Management Ltd., failed to come up with the cash for trades in May 2015, and the bank was now staring at its biggest-ever individual trading loss. Lombardo couldn’t get him on the phone. “Resolve this thing today,” Lombardo said when he eventually contacted Statti by chat, according to a transcript included in ... (full story)