Don’t reward your top people too lavishly, Chinese regulators warned banks this year in meetings in Shanghai and Beijing, or you might run afoul of the Communist Party.
Japan’s biggest brokerage is offering nondeliverable forwards and nondeliverable options settled in cash, and can now trade bitcoin futures and options.
China’s investment landscape is in turmoil, with some top investors shunning the nation after President Xi Jinping unleashed a crackdown on the private sector.
Just below 60% of Hong Kong’s population has been fully vaccinated against COVID-19.
Bankers say they expect the majority of Chinese IPOs aimed for American exchanges to be suspended or diverted to other venues.
Word of the retreat is already spreading on Wall Street, as some of Nomura’s prime brokerage employees in New York start to explore other job opportunities.
The restrictions include curbing leverage for some clients previously granted exceptions to margin financing limits, one person familiar with the situation said.
After riding the region’s rise over the past decades, family firms that dominate the economic landscape are now also looking for bigger partners.
"We see the Asia region as becoming more and more important for the global economy,” said the firm's head of global markets for Asia excluding Japan.
Nomura Holdings Inc.'s investment banking business in Asia is set to return to profit this fiscal year after more than a decade of losses since its Lehman Brothers Holdings Inc. acquisition, according to its division chief. Cost cuts and fees from financing will drive the ...
