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Nomura Woes Deepen With Trading Scandal, Attempted Murder Arrest
Scandals are mounting at Nomura Holdings Inc., threatening to derail a turnaround plan at Japan’s biggest brokerage just as it’s beginning to bear fruit. Chief Executive Officer Kentaro Okuda and other top managers agreed on Thursday to take a pay cut after the firm admitted an employee manipulated the bond market, prompting several firms to stop trading with the brokerage. Less than an hour later, a local news agency reported that a former Nomura worker was arrested on suspicion of robbery and attempted murder of elderly clients. The drumbeat of bad news is likely to overshadow financial results on Friday, when ... (full story)
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- Posted: Oct 31, 2024 9:58pm
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