Nomura seeks M&A bankers as Japan deals surge during pandemic
Japan has driven a global revival in M&A activity in recent months, as the economy shows early signs of a recovery.
MUFG rules out more job cuts at Asia brokerage after restructuring
The move contrasts with those of other major banks such as Goldman Sachs Group Inc., which are resuming job cuts.
Japan plans hub for foreign brokers to file paperwork in English
The one-stop venue could start operating as soon as next spring, with English-language filing to begin before that in early 2021 via the Financial Services Agency.
Data on corporate clients was leaked to securities firm, Nomura admits
The revelations come a little over a year after the firm was admonished by the nation’s financial regulator for lax controls.
Nomura to rethink office space as new CEO seeks deeper cuts
Nomura Holdings Inc.’s use of office space is part of a sweeping review ordered up by its new chief executive as the brokerage looks to shave costs in the wake of the coronavirus pandemic. Kentaro Okuda said he has instructed each department to discuss the ...
Nomura's new CEO faces tough initiation juggling overhaul and virus
It was supposed to be a smooth transition for Nomura Holdings Inc.'s new boss. Then the coronavirus struck. Thanks to the pandemic, Kentaro Okuda, 56, takes the reins of Japan's biggest brokerage on Wednesday with the prospect of deals drying up as bankers keep away ...
Asia's stuck-at-home millionaires boost trading at private banks
Asia's super rich suddenly have lots of time on their hands. The coronavirus has forced many of them to work from home, cancel travel and avoid the golf course. That's left them more time to trade stocks amid the turmoil, boosting revenue for Citigroup Inc. ...
Morgan Stanley charts ambitious course with $13 billion E-Trade deal
Morgan Stanley said Thursday it will buy discount brokerage E-Trade Financial Corp. in a stock deal worth about $13 billion, the biggest acquisition by a Wall Street bank since the 2008-2009 financial crisis. Part of a broader consolidation in the discount brokerage sector, the move ...
Nomura is finally making money from Asia investment banking
Nomura Holdings Inc.'s investment banking business in Asia is set to return to profit this fiscal year after more than a decade of losses since its Lehman Brothers Holdings Inc. acquisition, according to its division chief. Cost cuts and fees from financing will drive the ...
Japan's online brokers turning to independent financial advisers to boost growth
Internet-based securities companies are tying up with independent financial advisers, or IFAs, which recommend suitable financial products. Online securities houses, which have been growing thanks to low brokerage commissions made possible by branchless operations, hope to reinforce their customer bases through IFAs' face-to-face tailored advice ...
Goldman Sachs poised to enter Japan wealth management business
Goldman Sachs Group Inc. plans to start offering wealth management services in Japan, a person with knowledge of the matter has said. The U.S. bank will target high net worth individuals through its asset management unit, the person said, asking not to be identified because ...
Nomura pushes ahead with China hiring, says virus outbreak may slow plans
Nomura Holdings Inc. is moving forward with plans to hire wealth managers for its new China operation, though the outbreak of the new coronavirus threatens to slow the expansion, according to an executive overseeing the project. "We are entering the phase of adding front-line ...
