Rogue trader: most illicit deals unnoticed

May 7, 2014

Rogue trader: most illicit deals unnoticed

Less than 5 percent of unauthorized financial trading cases may be getting reported, said Toshihide Iguchi, whose trading losses led to the 1995 shutdown of Daiwa Bank Holdings Inc.’s U.S. operations. Allowing traders to “walk away with a clean slate” instead of firing them ...

SMBC Nikko, Daiwa increase hiring

Dec 18, 2013

SMBC Nikko, Daiwa increase hiring

by Takahiko Hyuga

SMBC Nikko Securities Inc. and Daiwa Securities Group Inc. have increased their hiring targets for university graduates to bolster retail brokerage operations as stocks rally. SMBC Nikko recruited 460 graduates to start in April, 50 more than earlier planned, spokesman Tadataka Ishida said Wednesday. ...

Dec 12, 2013

Contracts for custom-made houses fell in November

Major home builders saw the value of newly concluded contracts for custom-made houses slump year on year in November. Sekisui House Ltd. posted a drop of 32 percent, Sumitomo Forestry Co. 28 percent, Daiwa House Industry Co. some 20 percent and Asahi Kasei Homes ...

Oct 30, 2013

Brokers' profit gains, like stocks, may cool

by Takahiko Hyuga

Japan’s largest brokerages, whose first-half profits soared more than 10-fold as Prime Minister Shinzo Abe’s economic stimulus program bolstered investors’ appetite for local stocks, may find that the magic is wearing off. Nomura Holdings Inc. reported Tuesday that its second-quarter net income rose to ...