The linked Reuters report comments on Nikko Cordial (OTC:NIKOY):
Citigroup is seen as a top candidate to buy Japan's Nikko Cordial Corp. If the TSE decides next month to revoke the scandal-hit brokerage's share listing. The bourse is considering whether to delist Nikko, Japan's third-largest brokerage, over accounting problems at its merchant banking unit.
Citigroup owns about 5 percent of Nikko and the two companies share an investment banking joint venture, Nikko Citigroup.
Disclosure: Author owns Nikko Cordial ADRs.