Nomura prime brokerage cuts seen sparing little in U.S. and Europe
Word of the retreat is already spreading on Wall Street, as some of Nomura’s prime brokerage employees in New York start to explore other job opportunities.
Nomura raises profit target in recovery from Archegos blowup
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 ...
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.
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.
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.
Nomura’s China venture is winning more clients than expected
The company’s majority-owned securities joint venture in Shanghai has won more than 300 customers for services including wealth management.
