Despite the fall in revenue, Nomura did have some positive showings on its balance sheet. Overall pre-tax expenses for the Q1 2021 period fell from the same period in 2020. There was a fall of 1.5%, which took expenses down to ¥274.7 billion from ¥278.9 billion in 2020. The drop in expenses was not quite…
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The Securities and Exchange Commission (SEC) has yesterday informed the public that it has instituted two related enforcement actions against Nomura Securities International Inc. The Japanese financial holding company has agreed to repay approximately $25 million to customers for its failure to adequately supervise traders in mortgage-backed securities. Nomura bond traders made false and misleading…
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CLS Group today announced that Japanese asset manager Nomura Asset Management Co., Ltd (NAM) will start offering settlement services to funds headquartered in Japan through CLS’s settlement system. NAM will offer CLS settlement services to 21 investment trust funds in Japan in collaboration with Japan Trustee Services Bank, Ltd. (JTSB), The Nomura Trust and Banking…
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LCH SwapAgent, a service for the non-cleared derivatives market, has announced that it has processed its first swaption trade. Two swaptions trades were completed between Nomura and Deutsche Bank, one denominated in Euro and the other in US Dollars. The trades were brokered by ICAP, part of TP ICAP group, and processed by MarkitSERV. Deutsche…
Read moreReports from Takahiko Hyuga of Bloomberg has unveiled that Japanese banking giant Nomura Co Ltd (TYO:9716) has settled an employment case with a former managing director in Tokyo, agreeing to pay him ¥82 million yen ($688,000 USD) in compensation without reinstating him, according to a Tokyo High Court document. The former Nomura MD, Seth Friedman joined…
Read moreMasashi Yonezawa, who incurred a US$3.3 million trading loss and then interfered with Nomura’s risk management system, is banned from re-entering the financial services industry for 30 months.
Read moreThe trader incurred a US$3.3 million trading loss and then interfered with the bank's risk management system to conceal the actual risk exposure of his trades.
Read moreNomura has made five members of its FX division redundant this week, including four London-based FX sales executives along with the firm's North American Head of FX Sales
Read moreNomura has reaffirmed its position as a pre-eminent provider of Fixed Income research, following the announcement of its #1 ranking for Currency / Foreign Exchange research in the Institutional Investor All-America Fixed Income Research survey for 2014. Nomura saw strong performance across all Securitized Products categories, retaining top-three rankings in four survey classifications, including for…
Read moreThree large international banks which play a major role in the world's FX industry have stated that Scottish independence will lead to severe financial disaster, with Nomura advising its clients in writing to divest their money from the UK
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