Jun 22, 2015

Nomura terminates mortgage-bond traders amid market probes

Nomura Holdings Inc. has terminated two New York-based mortgage-bond traders for cause in connection with investigations of the market, according to regulatory records. The employees, Michael Gramins and Tyler Peters, were dismissed by the bank effective May 1 amid probes being conducted by the ...

Mar 18, 2015

SMBC Nikko targets Nomura with global investment banker hiring

Sumitomo Mitsui Financial Group Inc. is hiring staff at its investment banking unit as it competes with more established names such as Nomura Holdings Inc. for bond and share deals. SMBC Nikko Securities Inc., which started operations in 2009, was the second-largest underwriter of ...

Mar 12, 2015

NISA investments swell but still not on pace to reach target

Savers held ¥3 trillion in Japan’s temporarily tax-free investment accounts at the end of the program’s first year, the Financial Services Agency said in a statement on its website. That total at the end of December was up from ¥1.6 trillion at the end ...

Mar 9, 2015

Nomura, Daiwa boost hiring of grads as stock market climbs

Nomura Holdings Inc. and Daiwa Securities Group Inc. increased hiring of university graduates this year as a stock market rally brightens prospects for the nation’s biggest securities firms. Nomura recruited 600 graduates for its main brokerage arm, a 20 percent increase from last year, ...

Feb 28, 2015

Japanese ex-broker in Olympus fraud scandal settles with SEC

The U.S. Securities and Exchange Commission said it has reached a settlement with a former Japanese stockbroker over his role in the massive accounting fraud at Olympus Corp. Hajime Sagawa, a former employee of a major Japanese securities company and now a U.S. resident, ...

Feb 3, 2015

Nomura said to shrink U.S. high-grade debt unit

Nomura Holdings Inc. is retreating from U.S. investment-grade corporate credit trading after last year’s bout of volatility in fixed-income markets, two people with knowledge of the decision said. It cut a group last week that was focused on brokering the debt, including Timothy Everitt ...

Jan 29, 2015

Nomura surprises with profit surge on banking, asset management

Upending analysts’ estimates for a decline, Nomura Holdings Inc.’s third-quarter profit surged unexpectedly, led by fees from investment banking and asset management. Net income climbed 45 percent to ¥70 billion for the three months ended Dec. 31 from ¥48.3 billion a year earlier, Japan’s ...

Aug 20, 2014

Japan securities industry trying to attract youth for NISA

The securities industry is stepping up financial education for young people to promote the NISA small-lot, tax-free investment program introduced in January. The moves are intended to attract newbie investors and future customers. The Japan Securities Dealers Association plans to utilize Saturday classes at ...