Senior officials from Nippon Telegraph & Telephone Corp., Fujitsu Ltd. and NEC Corp. will skip the event, spokespeople said.
For Takashi Nakamichi's latest contributions to The Japan Times, see below:
The retreat adds to a list of stumbles for the firm as it takes on global risk to offset slower growth at home.
The bank's chief executive officer, David Solomon, has been vocal in opposing work from home, calling it an "aberration.”
Nomura Holdings Inc. raised its pretax income target for the financial year ending March 2023 by 14%, with the bulk of growth expected to come from its wholesale division as it moves on from the implosion of Archegos Capital Management. Japan’s biggest brokerage expects pretax ...
The firm has vowed to strengthen its risk management after being stung by the collapse of the U.S. family office capital management firm.
Analysts have been left to wonder if heads will now roll over the Archegos losses or if the bank will quit certain businesses.
The restrictions include curbing leverage for some clients previously granted exceptions to margin financing limits, one person familiar with the situation said.
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.
Nomura said in a statement on Monday that the estimated amount of the claim against the U.S. client was about $2 billion.
A new team will look beyond stock offerings, corporate debt issuance and other more conventional areas of corporate finance to drive growth.