The $2 billion claim on a single client risks largely erasing Nomura’s pretax profits for the second half of the year, according to a Jefferies Financial Group report.
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A new team will look beyond stock offerings, corporate debt issuance and other more conventional areas of corporate finance to drive growth.
One of the goals of the review is to prevent firms from exaggerating or misrepresenting the environmental, social or governance benefits of their funds to attract investors.
Bitcoin’s fivefold jump in the past year has come amid a flood of money pumped into the global financial system during the coronavirus pandemic.
The firm’s Japanese banking and brokerage arms selected 10 people in January to serve as specialists in environmental, social and governance factors.
The company’s majority-owned securities joint venture in Shanghai has won more than 300 customers for services including wealth management.
The firm may introduce a minimum 40% of hours to be spent in the office each month, and departments would have discretion within that limit.
The real estate company is preparing to make a tender offer of about ¥100 billion ($960 million), sources say.
Japan has driven a global revival in M&A activity in recent months, as the economy shows early signs of a recovery.
The move contrasts with those of other major banks such as Goldman Sachs Group Inc., which are resuming job cuts.