Nomura Holdings reported a $645 million profit but faces a crisis due to a bond trading scandal.

Nomura Holdings, Japan's largest brokerage, reported a net profit of 98.4 billion yen ($645 million) for the July-September period, marking its sixth consecutive quarter of growth. However, the company is facing a reputation crisis due to a bond trading scandal involving price manipulation, leading to regulatory fines and a suspension of its primary dealer status. Additionally, a former employee was arrested for robbery and attempted murder, prompting clients to withdraw business, impacting Nomura’s recovery efforts.

November 01, 2024
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