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Stock impact report

UBS, Nomura Battle to Sell Rate Products to Europe's Ultra Rich [Yahoo! Finance]

Nomura Holdings Inc ADR American Depositary Shares (NMR) 
US:NYSE Investor Relations: nomuraholdings.com/investor
Company Research Source: Yahoo! Finance
(Bloomberg) -- UBS Group AG and Nomura Holdings Inc. are making a push to sell sophisticated fixed-income products to the ultra wealthy in Europe, competing against firms such as BNP Paribas SA. Most Read from Bloomberg Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding What If Fed Rate Hikes Are Actually Sparking US Economic Boom? China Tells Iran Cooperation Will Last After Attack on Israel Powell Signals Rate-Cut Delay After Run of Inflation Surprises US Yields Spike as Hawkish Powell Puts 5% in Play: Markets Wrap Switzerland's biggest bank has been adding to its structured rates offering over the past six months. After reducing its fixed income footprint in 2012 to focus on less capital intensive business lines, UBS is capitalizing on the expertise it acquired in last year's rescue of Credit Suisse to consolidate its offering of complex rates products to its vast pool of wealth management clients. Nomura, Japan's largest brokerage, is also stepping up sa Show less Read more
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