Softbank Corp. President Masayoshi Son is betting $20 billion he can add value by buying control of Sprint Nextel Corp. in the biggest Japanese purchase of a foreign company. There’s 26 trillion yen ($330 billion) that says he can’t.
At 8 a.m. on Jan. 10, Takumi Shibata, chief operating officer of Nomura Holdings Inc., walked into the firm’s London boardroom overlooking the River Thames to try to salvage the 2008 acquisition of the European and Asian units of bankrupt Lehman Brothers Holdings Inc.
The resignation of two former Lehman Brothers Holdings Inc. executives from Nomura Holdings Inc. may allow Japan’s biggest brokerage to revamp a business that has stumbled since it bought assets of the failed U.S. firm in 2008.
Nomura Holdings Inc.’s appointment of domestic brokerage head Koji Nagai as the new chief signals a retrenchment into its home market as Japan’s biggest investment bank reels from an insider-trading scandal and losses overseas.
Nomura Holdings Inc. named Steven Ashley as global head of fixed income following the resignations of two top bankers who joined when Japan’s biggest brokerage bought Lehman Brothers Holdings Inc. operations in 2008.
Nomura Holdings Inc. Chief Executive Officer Kenichi Watanabe and his top lieutenant resigned over an insider-trading scandal as the company indicated there may have been more information leaks than those identified by authorities.
Nomura Holdings Inc. Chief Executive Officer Kenichi Watanabe and his top lieutenant are preparing to step down to atone for the bank’s role in an insider-trading scandal, according to two people with knowledge of the matter.