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February 22, 2025
 

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BROKERAGES

According to the Metropolitan Police Department, the former employee has admitted to the allegation, telling investigators that he used the name brand of Nomura Securities to commit the fraud.
JAPAN / Crime & Legal
Feb 6, 2025
Former Nomura employee arrested for suspected fraud
The former employee of Nomura Securities is suspected of defrauding a client of ¥10 million with a fake investment offer.
The stock of Nomura Holdings climbed as much as 7.7% to ¥1,077 in Tokyo on Thursday morning, the highest level since October 2008.
BUSINESS / Companies
Feb 6, 2025
Nomura soars to 16-year high as profit jump cements recovery
The stock climbed as much as 7.7% to ¥1,077 in Tokyo on Thursday morning, the highest level since October 2008.
Most of Nomura's recent personnel cuts were in London, according to a person familiar with the matter, who added that three worked in rates and another three in the digital office.
BUSINESS / Companies
Jan 28, 2025
Nomura cuts about 10 global markets staff to reduce costs
A year ago, Japan’s biggest brokerage planned to cut about 60 staffers as the firm sought ways to pare expenses across its investment bank.
"In order to secure quality talent, we have to raise wages above inflation," Daiwa Securities CEO Akihiko Ogino has said.
BUSINESS / Companies
Dec 24, 2024
Daiwa aims to raise wages at least 5% next year amid competition for talent
Daiwa is discussing a pay raise of at least 5% for the financial year beginning in April 2025, after hikes of 5%, 4% and 7% in the three years prior.
Nomura Holdings and other major brokerages in Japan are raising compensation and benefits for senior employees age 60 or over.
BUSINESS / Companies
Dec 19, 2024
At Japan's brokerages, skills shortage improves conditions for older staff
Employees age 60 and above are increasingly getting paid for performance and given heavier responsibilities in line with their experience.
Kentaro Okuda, CEO of Nomura Holdings, speaks during a news conference in Tokyo on Tuesday.
BUSINESS / Companies
Dec 3, 2024
Nomura CEO takes pay cut after former employee charged with attempted murder
The CEO and four other executives will take a 30% pay cut for three months, while five members of the board will take a 20% pay cut for the same period.
Nomura Holdings plans to rebuild its IT architecture, promote digitalization and automation as well as review office locations as the company tightens its belt.
BUSINESS / Companies
Dec 2, 2024
Nomura CEO to seek $186 million in extra cost reductions
The move highlights Nomura Holdings' continued focus on curbing expenses even as earnings rebound.
The U.S. federal prosecutors' indictment of Indian billionaire Gautam Adani over an alleged bribery plot last week has sent ripples across the globe.
BUSINESS / Companies
Nov 26, 2024
Japan’s SBI follows Nomura in disclosing Adani funds exposure
The moves underscore how U.S. federal prosecutors’ indictment of Indian billionaire Gautam Adani over an alleged bribery plot has sent ripples across the globe.
Itochu has tapped Daiwa Securities Group and the founding Ito family has hired SMBC Nikko Securities as financial advisers for their ¥9 trillion ($58.4 billion) proposal to take Seven & I Holdings private, people with knowledge of the matter have said.
BUSINESS / Companies
Nov 25, 2024
Nomura, Daiwa and other advisers win coveted Seven & I buyout roles
The multitude of financial advisers reflects the complexity of any potential buyout, as well as the lucrative fees if consummated.
A former Nomura Holdings employee has been charged on suspicion of robbery, attempted murder and arson of an inhabited building, the firm said in a statement on Wednesday.
JAPAN / Crime & Legal
Nov 21, 2024
Nomura ex-employee charged with attempted murder
The former employee was charged on suspicion of robbery, attempted murder and arson of an inhabited building, the brokerage said.
Japan’s megabanks have resumed trading activities with Nomura Holdings, people with knowledge of the matter said.
BUSINESS / Companies
Nov 18, 2024
Nomura's trading clients return after market manipulation probe
Many of the firms returned to Nomura after the brokerage explained measures it is taking to prevent a recurrence of the breach, sources said.
John Tierney is replacing Jonathan Lewis as CEO of Nomura Europe Holdings and Nomura International, the bank’s key European subsidiaries, according to a statement Tuesday.
BUSINESS / Companies
Nov 13, 2024
Nomura changes course on top European banker after eight months
Nomura has come under pressure to improve its operations since Japanese regulators found that one of its traders had manipulated the market for government bonds.
Nomura Holdings Chief Financial Officer Takumi Kitamura (center) speaks during a news conference in Tokyo on Friday.
BUSINESS / Companies
Nov 1, 2024
Nomura's profit beats estimates, though scandals cloud outlook
Net income more than doubled from a year earlier to ¥98.4 billion in the three months ended Sept. 30.
Nomura Holdings said it paid the penalty on Thursday and apologized to clients and concerned parties.
BUSINESS / Companies
Oct 31, 2024
Nomura fined by Japan regulator for bond market manipulation
The fine, while small, may hurt Nomura’s reputation at a time when it is refocusing on Japan as a key growth area for its trading and investment banking operations.
Nomura Holdings CEO Kentaro Okuda. In addition to the financial penalties for market manipulation, Nomura is suffering a fresh blow to its reputation following various scandals over recent years including several data leaks.
BUSINESS / Companies
Oct 30, 2024
Trader's $10,000 spoofing profit haunts Nomura as the fallout widens
The firm’s problems are deepening as Nomura's rivals double down on efforts to poach clients.
At least 10 firms have temporarily suspended some business activities with Nomura because of its market manipulation scandal.
BUSINESS / Companies
Oct 18, 2024
Big clients halt trades with Nomura over market manipulation scandal
At least 10 firms have temporarily suspended some business activities with Japan's biggest brokerage because of the breach.
The Finance Ministry plans to suspend Nomura from the primary group of Japanese government bond dealers for a month from Tuesday.
BUSINESS / Companies
Oct 11, 2024
Japan suspends Nomura from bond auctions after manipulation
The action is another setback for Nomura after the revelations led several companies including Toyota Finance to take their bond underwriting business elsewhere.
Nomura Holdings Chief Executive Officer Kentaro Okuda apologized in his first public appearance following allegations that an employee manipulated the bond futures market.
BUSINESS / Companies
Oct 2, 2024
Nomura CEO apologizes after bond market manipulation probe
The move came as Nomura competes to capitalize on a revival of the Japanese bond market fueled by a shift in the country’s monetary policy.
At least four Japanese firms removed Nomura Holdings as bond manager after market rule violations were found.
BUSINESS / Companies
Sep 30, 2024
Nomura excluded from several yen bond deals on rule breach
The securities watchdog said it had investigated Nomura for suspected market manipulation in government bond futures and found violations.
The share of online brokerages in the publicly offered investment trust market rose above 20% for the first time at the end of June as younger investors do deals on their smartphones and laptops.
BUSINESS / Companies
Sep 11, 2024
Online brokers are taking Japan market share from bigger rivals
The popularity of an expanded tax-free investment account program called NISA has encouraged its users to do deals on their smartphones and laptops.
Yen advances past ¥150 per dollar as BOJ rate-hike bets ramp up
The Japanese currency climbed as much as 1% to ¥149.95 against the dollar on Thursday, a level it hasn’t touched since Dec. 9.
Japan release of Shiori Ito's documentary in limbo
Shiori Ito, who won a civil suit over a rape case against a TV reporter, in 2018. Her former lawyers claim her documentary includes footage used without the consent of sources.
Japan's Prince Hisahito to hold first news conference on March 3
Prince Hisahito heads to greet the Emperor and Empress on the occasion of his 18th birthday in Tokyo on Sep. 6.
LDP and opposition lock horns over Japan budget
Prime Minister Shigeru Ishiba in parliament on Friday
Japanese panel seeks to tighten screening of new universities
Education minister Toshiko Abe (right) receives a report on higher education from an advisory panel on Friday.
As Ukraine rift emerges, Kyiv's envoy says Japan must take on bigger global role
Ukrainian Ambassador to Japan Sergiy Korsunsky speaks during an interview at the Ukrainian Embassy in Tokyo on Monday.
Japan release of Shiori Ito's documentary in limbo
Shiori Ito, who won a civil suit over a rape case against a TV reporter, in 2018. Her former lawyers claim her documentary includes footage used without the consent of sources.
Abdul Hakim Sani Brown ready to sprint past Paris disappointment
Abdul Hakim Sani Brown (center) runs during a 100-meter heat at the Paris Olympics on Aug. 3, 2024.
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Newly promoted grand champion Hoshoryu (center) performs a dedication ceremony at Meiji Shrine in Tokyo on Jan. 31.
‘Yasuko, Songs of Days Past’ puts overlooked star in the spotlight
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