Reported 25 days ago
Nomura Holdings reported a significant increase in quarterly profit, more than doubling to 98.4 billion yen ($645 million), despite facing challenges from a bond trading scandal. The firm's robust performance in wholesale and wealth management segments helped achieve its highest profit in four years. While the scandal led to regulatory fines and a temporary loss of its primary dealer status, Nomura's CFO noted that the impact on financial results was limited. The company is now focused on enhancing compliance and has committed to disciplinary actions following the incidents.
Source: YAHOO