Tag - brokerages

 
 

BROKERAGES

BUSINESS / Markets
Oct 2, 2023
Zero-commission services intensify brokerage competition in Japan
SBI Holding's decision to scrap commission fees for domestic stock trading threatens to undercut the brokerage industry's profitability.
Charles Wang Zhonghe, a senior banker at Nomura Holdings, has reportedly been barred from leaving China in a move connected to a long-running investigation of a top dealmaker in the country.
BUSINESS
Sep 25, 2023
Senior Nomura banker barred from leaving China, report says
The exit ban on the chair of investment banking for China at the bank's Hong Kong arm is linked to an investigation of a top dealmaker in the country.
Many of the wealthy in Japan are becoming more keen to park their cash in private assets like equity, credit and real estate that aren't traded in public markets.
BUSINESS
Sep 20, 2023
Brokers tap demand for private assets among Japan's wealthy
Private assets are booming globally after decades-high inflation and rapid interest-rate hikes weighed on both shares and bonds.
Investors in Japan have filed a lawsuit against Mitsubishi UFJ Financial Group’s joint venture brokerage with Morgan Stanley, seeking to recover losses from Credit Suisse's riskiest debt.
BUSINESS / Markets
Sep 1, 2023
MUFG joint-venture brokerage sued over Credit Suisse AT1 sales
Investors are demanding ¥5.2 billion ($36 million) in compensation from Mitsubishi UFJ Morgan Stanley Securities.
Yuko Seimei was promoted to president of Monex Group in June, after serving as president of affiliate Monex.
BUSINESS / Companies
Aug 24, 2023
More brokerages name female leadership amid pressure for change
The government wants women to account for at least 30% of board members at firms listed on the Tokyo Stock Exchange's top-tier Prime section by 2030.
Nomura Securities International has agreed to pay $35 million over securities trading fraud which took place from 2009 to 2013 and primarily from the company’s trading floor in New York.
BUSINESS
Aug 23, 2023
Nomura fined $35 million in U.S. over mortgage-backed securities
Nomura Securities International will also pay almost $808,000 in restitution to victims of the scheme.
Imma, a virtual influencer, is the face of Nomura’s new campaign for tax-free investment accounts.
BUSINESS
Aug 4, 2023
Nomura hires virtual influencer to coax Japan’s young investors
Boosting individual investments is particularly crucial as the country's baby-boomer generation passes on their assets to a younger generation.
Nomura Holdings Chief Executive Officer Kentaro Okuda
BUSINESS
Aug 2, 2023
Nomura shares tumble most in two years after profit miss
The stock dropped as much as 8.5% on Wednesday morning, the biggest daily decline since March 2021.
Monex Group was sued on Thursday in what is believed to be the first lawsuit questioning the responsibility of a Japanese securities company over Credit Suisse AT1 bond losses.
BUSINESS / Companies
Jul 28, 2023
Japan’s Monex sued by client for Credit Suisse bond loss
The move marks a rare case of a financial institution being accused of responsibility for investor losses triggered by Switzerland’s move to wipe out the bonds.
Japan Times
BUSINESS / Markets
Jul 13, 2023
Credit Suisse AT1 fallout embroils more brokerages in Japan
Documents have raised questions over whether information over the risks associated with the product was properly disclosed to investors.
BUSINESS
Jul 4, 2023
Rakuten applies to list brokerage arm as debt concerns mount
Billionaire Hiroshi Mikitani’s online retailer has seen its shares tumble to a 14-year low.
Japan Times
BUSINESS / Companies
Jun 13, 2023
Nomura to scale back loss-making brokerage venture with Line
As part of the restructuring, Japan’s biggest securities firm will take over the management of client brokerage accounts.
Japan Times
BUSINESS / Companies
Jun 5, 2023
Daiwa gives workers OK to 'freely use' ChatGPT as part of tech drive
The company has been strengthening the recruitment of science graduates to develop high-tech experts in house.
Japan Times
BUSINESS / Companies
May 18, 2023
Nomura slashes profit targets across board, plans major review
The moves underscore the challenges for Nomura leadership as rate hikes and geopolitical tensions dampen investor sentiment.
Japan Times
BUSINESS / Companies
Apr 27, 2023
Nomura profit falls for third straight year under CEO Kentaro Okuda
Muted client sentiment and lackluster deal-making weighed on revenue at the Japanese brokerage while its overseas operations have now lost money in 10 out of the past 12 years.
Japan Times
BUSINESS
Apr 21, 2023
Credit Suisse AT1 bond writeoff hands $1 billion loss to Japan investors
It’s 'regrettable” that the fallout from Credit Suisse’s woes affected investors in Japan, Finance Minister Shunichi Suzuki said.
Japan Times
BUSINESS
Apr 19, 2023
Daiwa to start using AI chatbot spurned by Wall Street banks
Japan’s second-biggest brokerage plans to adopt the ChatGPT technology from this month for all of its 9,000 domestic employees, adding that it has 'limitless potential.”
Japan Times
BUSINESS / Companies
Apr 13, 2023
Mizuho warned over setting low IPO prices in blow to issuers
The warning suggests the government is getting more serious about removing what it sees as obstacles to its plan to turbocharge Japan’s startup ecosystem.
Japan Times
BUSINESS / Companies
Mar 28, 2023
Nomura cautious on Credit Suisse hiring as rivals grab talent
While Japan’s biggest brokerage could end up getting some Credit Suisse bankers as it continues to invest in its businesses, it isn’t 'systematically” targeting the Swiss bank’s employees.

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