Tuesday 17 November 2009

Nomura Interest in UK

http://online.wsj.com/article/BT-CO-20091028-707672.html

Announcing its second straight quarter of profit Wednesday, Japan's largest brokerage by revenue posted a net profit of Y27.72 billion in the second quarter, compared with a net loss of Y72.87 billion in the same period last year, and Y11.42 billion net profit in the first quarter this year.

It attributed the quarter's gains to the recovery in financial markets and the addition of the Lehman businesses it bought late last year to its stable of operations.

"We want to establish (ourselves) as a global investment bank and move to the next stage," Nomura Chief Financial Officer Masafumi Nakada said at a press conference.

Nomura bought the European and Asian operations of failed Lehman Brothers late last year, in the wake of the financial crisis. For the first time, its international revenue, which had posted "solid" growth, exceeded its domestic revenue, it said.

No comments:

Post a Comment