Thursday, October 30, 2008

I guess guaranteeting Lehman employees $1bn in bonuses was not so smart

Nomura in red in Q2, hit by trading losses

Nomura Holdings Inc, Japan's largest brokerage, posted its third consecutive quarterly net loss on Tuesday as financial market turmoil led to big trading losses and discouraged companies from issuing shares or making deals. Nomura, which last month bought Lehman Brothers (nyse: LEH - news - people )' operations in the Asia-Pacific region, Europe and the Middle East, also warned of potential losses on exposure to crisis-hit Iceland and further write-downs on its stake in Fortress Investment Group (nyse: FIG - news - people ). The outlook for Japan's brokerage sector remains bleak with the benchmark Nikkei average sliding to a 26-year low this week, depressing trading commissions and demand for capital raising, mergers and other fee-generating deals.

Posted by lvmreader @ 07:34 PM (645 views)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>