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Stock impact report

Nomura hits "restart" button on overseas business [Seeking Alpha]

Nomura Holdings Inc ADR American Depositary Shares (NMR) 
US:NYSE Investor Relations: nomuraholdings.com/investor
Company Research Source: Seeking Alpha
Nomura hits "restart" button on overseas business - Nomura Holdings, Inc. (NYSE:NMR) | Seeking Alpha Financials Nomura hits "restart" button on overseas business Apr. 4, 2019 11:34 AM ET | Nomura Holdings, Inc. (NMR) Liz Kiesche Nomura Holdings ( -0.8% targets Nomura plans to pull back from risker trading businesses overseas and instead focus on "risk-light" transactions for clients. The firm will also close at least 30 of its 156 retail brokerage branches in Japan. "To restart this company, I have to commit myself to proceeding quickly with efforts to build a muscular base," CEO Koji Nagai reportedly told investors. Nomura's operations outside of Japan have lost money for four consecutive quarters. Nagai started a review in January after the bank recorded its biggest quarterly loss since the financial crisis. Previously: Nomura reviews its wholesale unit: Reuters Click to subscribe to real-time analytics on NMR Now read: Arthur J. Gallagher expands in western Canada » Subscribe Show less Read more
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