Japan's Nomura Holdings has no plan to follow the lead of Wall Street rival...
TOKYO - Japan’s Nomura Holdings has no plan to follow the lead of Wall Street rivals and seek a tie-up with a commercial lender, its chief executive told Reuters, pledging to stay independent even as the investment bank faces its first annual loss in a decade.
Nomura in January reported a net loss of more than 101 billion yen in the first three quarters of the year to end-March. It has since announced an overhaul plan to cut $1 billion in cost from its wholesale business and close more than 30 of its 156 retail branches. “We can do a deal with any partner if we make the effort. We don’t belong to any banking group and that is our strength,” Nagai told Reuters in an interview this week embargoed for release on Friday.
It is advising Nippon Paint Holdings on a $2.7 billion bid for Australia’s DuluxGroup, announced this week.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan inflation edges higher but Bank of Japan still in a bindJapan's core inflation picked up slightly in March from a year earlier, but...
Read more »
Japan court extends Carlos Ghosn's detention until April 22The Tokyo District Court said on Friday it had extended Carlos Ghosn's dete...
Read more »
Japan Display to come under Chinese group's control after $2.1 billion bailoutApple Inc supplier Japan Display said on Friday it has signed a long-awaited dea...
Read more »
Euro gains in surprise move driven by flows linked to JapanThe euro gained on Friday in a move dealers said may have be driven by anticipat...
Read more »
Chinese group to get control of Japan Display after $2.1 billion bailoutA Chinese-Taiwanese group will take control of Apple Inc supplier Japan Display ...
Read more »
Japan says U.S. serviceman kills woman, self in OkinawaThe incident comes amid growing resentment about the presence of American troops in the southwestern Japanese region.
Read more »
Japan says US serviceman kills woman, self in OkinawaA U.S. serviceman fatally stabbed a Japanese woman and then killed himself in Okinawa, amid growing resentment about the presence of American troops in Japan's southwestern region.
Read more »
US serviceman kills woman and self in Okinawa, Japan saysOkinawa hosts about half of the 54,000 American troops stationed in Japan, and is home to 64 percent of the land used by the US bases in the country. Residents have long complained about crime, noise and the destruction of the environment.
Read more »
Kuroda brushes aside view BOJ has run out of tools to ease monetary policyBank of Japan Governor Haruhiko Kuroda said on Friday the central bank was ready...
Read more »
Japan says US serviceman kills woman, self in OkinawaTOKYO (AP) — A U.S. serviceman has fatally stabbed a Japanese woman and then killed himself in Okinawa, according to the Japanese Foreign Ministry, amid growing resentment about the presence of American troops in Japan's southwestern region. U.S. Forces Japan says the Naval Criminal Investigative Service is working with local police to look into the deaths Saturday of a U.S. Navy sailor assigned to a Marine unit and an Okinawa resident. It says in a statement: 'This is an absolute tragedy and we are fully committed to supporting the investigation.' It says more information will be released later.
Read more »