Tag - brokerages

 
 

BROKERAGES

Traditional boat parties on the Sumida River in Tokyo are popular for informal gatherings among professionals that deal in Japanese government bonds.
BUSINESS / Markets
Jul 9, 2024
Tokyo’s exclusive circle of government bond traders in demand amid policy shift
The world’s top hedge funds are shaking up the closed community that was, for a time, a sleepy backwater of global finance.
The PayPay app had about 60 million registered users as of October.
BUSINESS / Companies
Jul 8, 2024
SoftBank group firm PayPay Securities aims to double accounts
The company has been in the red since February 2021, with a net loss of ¥4.6 billion ($29 million) for the 2023 fiscal year.
A group of 14 investors filed a lawsuit Friday against Mitsubishi UFJ Morgan Stanley Securities, seeking to recover losses after Credit Suisse’s riskiest bonds sold to them turned worthless.
BUSINESS / Companies
Jun 28, 2024
MUFG unit sued again in Japan over Credit Suisse AT1 losses
The 14 plaintiffs are demanding a combined ¥1.37 billion ($8.5 million) in compensation.
The Securities and Exchange Surveillance Commission said Mitsubishi UFJ Financial Group repeatedly violated its clients’ confidentiality by breaking firewalls among its units.
BUSINESS / Companies
Jun 17, 2024
MUFG unit misses out on arranging flurry of bonds in wake of scandal
The Development Bank of Japan, the Japan International Cooperation Agency and NEC dropped MUMSS from arranging planned bond deals.
The Securities and Exchange Surveillance Commission on Friday recommended administrative action against MUFG Bank and two brokerage units of Mitsubishi UFJ Financial Group for sharing nonpublic information on client companies without their permission.
BUSINESS / Companies
Jun 14, 2024
Watchdog backs penalties over sharing of Mitsubishi UFJ client data
The Securities and Exchange Surveillance Commission said that MUFG's banking and securities units had engaged in unauthorized sharing of information.
A bank and two securities companies under Mitsubishi UFJ Financial Group could face punitive action for allegedly sharing customer information without consent, sources said.
BUSINESS / Companies
Jun 7, 2024
MUFG units could be penalized for sharing client information
MUFG Bank and the securities firms exchanged information related to clients’ mergers and acquisitions without their consent, sources say.
Nomura Holdings Chief Executive Officer Kentaro Okuda
BUSINESS / Companies
May 24, 2024
Nomura pay for top executives rises 150% as profit rebounds
Total compensation paid to the firm’s eight executive officers in the year ended March 31 rose to ¥4.46 billion.
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.

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