Reported 5 days ago
Nomura Holdings Inc. has seen some of its trading clients return after the brokerage implemented measures to address concerns from a regulatory probe into market manipulation. Major banks and insurers that had paused dealings with the firm are restarting activities following an explanation of the steps being taken to prevent future breaches, including leadership salary cuts and improved compliance frameworks. Despite some recovery in trading, Nomura's involvement in major underwriting deals remains limited, although overall business is benefiting from a boost in Japan's financial markets.
Source: YAHOO