Japan's biggest brokerage Nomura to book ¥313 billion in Archegos losses
The firm has vowed to strengthen its risk management after being stung by the collapse of the U.S. family office capital management firm.
Archegos fiasco thwarts Nomura’s push to join Wall Street elite
Analysts have been left to wonder if heads will now roll over the Archegos losses or if the bank will quit certain businesses.
Top online brokerage lures young Japanese with zero-fee trading
SBI Holdings Inc. will implement a series of campaigns that will virtually eliminate commission fee for spot trading in equities, the financial conglomerate said in a statement Tuesday.
Nomura tightens hedge fund financing after Archegos collapse
The restrictions include curbing leverage for some clients previously granted exceptions to margin financing limits, one person familiar with the situation said.
Japanese regulators heightening scrutiny over high-risk trades after Archegos collapse
The Financial Services Agency and the Bank of Japan will scrutinize how financial institutions that incurred losses had been managing transaction risks.
Seduced by Archegos' growth, Nomura took a chance on Sung Kook Hwang comeback
Hwang's appetite for huge bets on technology, media and other company stocks in the United States and Asia proved too lucrative for Nomura to resist.
Nomura CEO Kentaro Okuda’s honeymoon ends with $2 billion Archegos losses
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’s loss warning said to be tied to Archegos selloff
Nomura said in a statement on Monday that the estimated amount of the claim against the U.S. client was about $2 billion.
Japanese female financial analysts urge change in male-dominated profession
With the gender gap still significant, women are calling for changes in the industry's punishing workstyle and an end to a deep-rooted bias.
Tokyo bourse to begin new restart rules in April after painful outage
The new rules, compiled by a TSE panel of outside directors and market professionals, will be implemented on April 26.
Nomura to expand structured finance in private markets push
A new team will look beyond stock offerings, corporate debt issuance and other more conventional areas of corporate finance to drive growth.
Bitcoin bet sparks rally at Japan’s most expensive brokerage
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.
