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 ...
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 ...
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 ...
Nomura hiring dozens to expand wealth-management drive to rest of Asia
Nomura Holdings Inc. plans to hire dozens of private bankers in Hong Kong and Singapore in a bid to extend its wealth management push from Japan and mainland China to the rest of Asia. The Tokyo-based firm, which has already outlined aggressive plans for China, ...
China to cut reserve requirement for banks as economy slows, freeing up $114 billion
China's central bank announced Wednesday it was cutting the reserve requirements for banks, freeing up about $114 billion to boost lending and spur the slowing economy. The People's Bank of China will cut the reserve requirement ratio (RRR) on Jan. 6 by 50 basis points, ...
Nomura's next CEO stresses 'urgency' in cementing overhaul
Nomura Holdings Inc. named Kentaro Okuda as its new chief executive officer, turning to a 32-year company veteran to help cement a sweeping overhaul of its global operations and reverse a slump at home. Co-chief Operating Officer Okuda, 56, will replace Koji Nagai on April ...
CEO of Japan's Nomura unexpectedly steps down as restructuring bears fruit
Nomura Holdings Inc. Chief Executive Officer Koji Nagai is resigning after seven years in the post, handing over to his deputy at a time when an overseas restructuring is starting to bear fruit. Co-Chief Operating Officer Kentaro Okuda will take the reins at Japan's biggest ...
Japan Inc. paying more dividends than ever, says Nomura Holdings
Japan Inc. is paying dividends like never before, and that's poised to lure more investors, according to Nomura Holdings Inc. Dividends for companies traded on the first section of the Tokyo Stock Exchange reached an estimated ¥14.5 trillion ($133 billion) in August, according to data ...
In wake of info leak, Nomura Holdings shareholders urged to reject CEO's re-election bid
Nomura Holdings Inc. shareholders should vote against the reappointment of its long-standing chief executive officer after Japan's biggest brokerage was penalized for leaking market-sensitive information, according to Institutional Shareholder Services Inc. CEO Koji Nagai "should be held responsible for the information leakage incident" and so ...
Nomura CEO to take 3-month pay cut over leak of information about Japan stock market changes
Nomura Holdings Inc.’s CEO will take a pay cut to assume responsibility for improper handling of stock market information by employees.
Nomura's retreat again highlights how Japan's banking behemoths struggle to succeed abroad
Time and again since Japan emerged as a global economic force, its financial leaders have hatched plans to translate their influence into investment-banking clout. Time and again, they've failed. The retreat sounded last month by Nomura Holdings Inc. marks just the latest overseas flop, prompting ...
Boycott of Brunei-owned businesses over gay sex death penalty expected to expand
Businesses will likely continue to shun companies owned by Brunei, activists and consultants said, as they come under pressure to honor commitments to LGBT+ rights after the sultanate imposed the death penalty for gay sex and adultery. Meanwhile, global oil company Shell, which has a ...
