Tag - brokerages

 
 

BROKERAGES

Nomura Holdings aims to almost its double pretax profit by the end of the decade.
BUSINESS / Companies
May 14, 2024
Nomura seeks to double profit by 2030 in latest growth plan
Japan’s biggest brokerage plans to generate pretax income of more than ¥500 billion ($3.2 billion) with a focus on its key wholesale division.
Nomura Holdings is targeting 20% revenue gains for its global markets unit over the next few years.
BUSINESS / Companies
May 7, 2024
Nomura targets 20% revenue growth from global markets business
The target builds on last year's 8% growth and follows a two-year revamp of trading teams for its rates and fixed-income business in Asia and EMEA.
Nomura Holdings and Mizuho Bank are hit by more than $100 million of potential losses related to All Blue Capital, raising questions about their monitoring of high-risk investment funds.
BUSINESS / Companies
May 3, 2024
Nomura and Mizuho face losses after fund’s failed trades
The size of the potential losses raises questions about the risk-management practices at two of Japan’s largest banks.
An electronic board shows stock indexes at the Lujiazui financial district in Shanghai on March 21, 2023.
BUSINESS / Companies
Apr 17, 2024
China's money managers lament loss of quality research amid analyst cutbacks
A prolonged market slump has reduced trading commissions as authorities tighten limits around what research analysts are allowed to publish.
Global banks are responding to increased demand for information about Japan’s companies and markets amid a resurgent stock market.
BUSINESS / Companies
Apr 12, 2024
Global banks ramp up roadshows for clients eager to bet on Japan
Foreign investors bought the most Japanese equities since 2013, last week.
Rakuten CEO Hiroshi Mikitani
BUSINESS / Companies
Apr 1, 2024
Rakuten considers combining financial units
A proposed IPO of its securities unit may not proceed if the integration is realized, while the banking arm is expected to remain listed.
Rakuten Group's Rakuten Point is the most frequently used reward point service, according to a survey.
BUSINESS / Companies / FOCUS
Mar 25, 2024
Race to expand corporate economic blocs heats up in Japan
Corporate groups are enticing customers with a variety of services, often bolstered by reward points, primarily geared toward shopping purposes.
SMBC Nikko Securities has set up an alumni organization for former employees to interact and share their experiences.
BUSINESS / Companies / FOCUS
Mar 4, 2024
As more move midcareer, Japan firms tap former hires with alumni networks
As well as seeking business opportunities, companies also recognize the value of rehiring individuals with expertise and skills gained elsewhere.
An advertisement for the new Nippon Individual Savings Account in Tokyo in January
BUSINESS / Companies
Feb 9, 2024
Revamp of tax-free investments in Japan spurs jump in accounts
The creation of the new savings accounts is one of a slew of measures to lure more buyers to the Japanese market.
Nomura Holdings plans a buyback of up to ¥100 billion.
BUSINESS / Companies
Feb 1, 2024
Nomura’s trading overhaul advances as CEO plans buyback
Nomura Holdings plans a buyback of up to ¥100 billion.
The Financial Services Agency ordered SBI Securities to halt part of its business related to initial public offerings through Jan. 18 as a penalty for having manipulated clients' post-IPO share prices.
BUSINESS / Companies
Jan 13, 2024
Japan’s biggest online brokerage SBI punished for market rigging
The Financial Services Agency on Friday instructed the nation’s biggest online broker SBI Securities not to solicit trade orders from clients for shares on the day they list.
Mitsubishi UFJ Morgan Stanley Securities sold Additional Tier 1 notes from Credit Suisse more aggressively than any other firm in Japan, with its sales making up about two-thirds of the notes taken up, which totaled ¥140 billion in value.
BUSINESS / Companies
Dec 26, 2023
MUFJ securities unit sued again over Credit Suisse AT1 bond losses
Mitsubishi UFJ Morgan Stanley Securities sold more than two-thirds of the Additional Tier 1 notes taken up in Japan.
Morgan Stanley MUFG Securities hopes to record its highest-ever income from Japan in the current fiscal year, and work together with Mitsubishi UFJ Morgan Stanley Securities to overtake Nomura Holdings as the top broker in the country.
BUSINESS / Companies
Dec 25, 2023
Morgan Stanley expects record Japan revenue as BOJ fuels trading
Shift in the nation's monetary policy could spur more client activity, says the CEO of Morgan Stanley MUFG Securities.
Nomura Holdings CEO Kentaro Okuda in Tokyo in May
BUSINESS / Companies
Nov 29, 2023
Nomura eyes extra $100 million wholesale banking cost cuts
CEO Kentaro Okuda said that ensuring the recovery of Nomura's macro products business, where it has a high market share, is an important issues.
Mizuho Financial Group is seeking to establish a securities company in China.
BUSINESS / Companies
Nov 23, 2023
Japan's Mizuho applies to set up securities company in China
The application comes as the bank is hoping to tap China's lucrative capital markets fee pool, the largest after the United States and Europe.
Rakuten Securities President Yuji Kusunoki
BUSINESS / Companies
Nov 17, 2023
Rakuten Securities sees payoff from free trading plan after a year
The firm plans to make up for the decrease in domestic stock trading commission fee revenues by expanding its financial services such as margin trading.
Mizuho Financial Group will raise its stake in Rakuten Securities to nearly 50%.
BUSINESS / Companies
Nov 9, 2023
Mizuho said to raise Rakuten Securities stake to almost 50%
The banking group plans to increase its investment in Rakuten’s online securities arm, which isn’t proceeding with an initial public offering for now.
Nomura's majority-owned joint venture in China has struggled to grow since its launch in 2019.
BUSINESS / Companies
Oct 26, 2023
Nomura reviews business plan for mainland China as losses rise
The move comes as a further blow to the top Japanese investment bank's global expansion strategy.
Nomura Holdings has hired five traders to beef up its emerging markets trading desk.
BUSINESS / Companies
Oct 10, 2023
Nomura hires traders from rivals for Middle East credit push
The appointments are part of Nomura’s efforts to revive its emerging-market flow-credit desk.
NTT Docomo President Motoyuki Ii (left) and Monex Group Chairman Oki Matsumoto hold a news conference in Tokyo on Wednesday.
BUSINESS / Companies
Oct 5, 2023
NTT Docomo to make online brokerage Monex a subsidiary
With the move, the firm aims to strengthen its revenue base by entering in the field of asset formation services.

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