Mar. 16, 2015, 11:32 AM
- The FHFA in 2011 targeted 18 banks over soured mortgages, and 16 have settled (a case against RBS is also expected to go to trial). After all, it's not their money, and what Wall Street hates more than paying out billion dollar fines is uncertainty, and settlements provide certainty.
- With a defense certain to focus on the absurdity of Fannie Mae and Freddie Mac claiming to be naive suckers in the mortgage mess, Nomura (NMR +0.7%) will seek its day in court. The trial is expected to last about a month.
Feb. 2, 2015, 3:34 PM
- Up for sale is GE Capital's $7.5B portfolio of Australian and New Zealand consumer loans, and The Australian is reporting Nomura (NMR +0.9%) as joining with P-E firm TPG Capital to bid for the unit.
- Also sniffing around the operation known as GE Money is the consortium of Macquarie Group, Pepper Group, and York Capital. The Australian yesterday reported that country's Flexigroup as having dropped out of the process
- Final bids are due on March 10, and the operation is thought to maybe attract something in the area of $2.1B.
Jan. 29, 2015, 9:41 AM
- Nomura Holdings (NYSE:NMR): FQ3 Net Income of $584M
- Revenue of $3.5B (+12% Y/Y).
Jan. 28, 2015, 4:55 PM
- Sixteen other banks have settled with the FHFA over boom-era mortgages, but Nomura (NYSE:NMR) - firm in its belief it did nothing wrong, and also asserting Frannie may not suffer losses on the $2B of MBS it bought - is balking against the $300M settlement being offered.
- If there is no settlement, a trial is set to begin in March.
- One law professor suggests Nomura, without a big U.S. presence, has a little less headline risk to worry about in a trial than shops like Goldman or Bank of America.
Jan. 21, 2015, 6:34 AM
- Nomura’s (NYSE:NMR) on-again, off-again global expansion is taking another twist with plans to hire investment bankers in the U.S. and Asia even as it trims equity staff in Hong Kong, Bloomberg reports.
- Japan’s biggest brokerage is looking to recruit about 20 senior bankers to boost its M&A business, hoping to reclaim its status as the country’s top M&A adviser.
Nov. 19, 2014, 7:27 AM
- After having what one person close to the matter says is a "Damascene conversion," Jeremy Bennett has resigned as CEO for Europe at Nomura (NYSE:NMR).
- Differences of opinion over strategy were at the heart of the resignation, reports the FT, and his exit follows those of a number of senior staff in recent years. A search is underway for a full-time replacement.
Oct. 28, 2014, 9:09 AM
- Nomura Holdings (NYSE:NMR): FQ2 Net Income of ¥52.9B
- Revenue of ¥373.8B (+5.0% Y/Y)
Aug. 28, 2014, 2:54 PM
- The FHFA launched 18 lawsuits in 2011 against banks over about $200B in MBS. Many have settled - the latest being Goldman Sachs last week - but HSBC, Nomura (NYSE:NMR), and RBS (which is a defendant in the Nomura case) are among a group which hasn't.
- The ruling from federal Judge Denise Cote sets up a Sept. 29 trial start date for HSBC, and the bank has estimated $1.6B in possible exposure.
Feb. 13, 2014, 11:27 AM
- It's fairly self-evident that Fortress Investment (FIG +5.9%) buying back the 12% stake in the company held by Nomura (NMR) at a 25% discount to last night's close is a good deal for Fortress, but RBC's Bulent Ozcan takes the time to write up his own thumbs up on the deal.
- He notes Nomura - a strategic shareholder - had purchased 55M shares for $888M prior to Fortress going public at the peak in 2007. Nomura subsequently added a small amount to its stake in 2009. Ozcan estimates Nomura's weighted-average price at around $15 per share (it sold for $6).
- The deal, says Ozcan, removes an overhang on Fortress' stock, as the company will no longer have to pay Nomura a dividend on that 12% stake, paving the way for higher distributions for remaining shareholders. How much of an overhang it was remains to be seen as the stock has been a 10-bagger since the 2009 lows.
Jan. 13, 2014, 5:09 AM
- The Basel Committee for Banking Supervision has eased the way banks will have to report leverage ratios, or the amount of capital they hold against their loans and other assets.
- The regulations will not force banks to count 100% of their off-balance-sheet assets, such as much of their exposure to derivatives, and guarantees and letters of credit.
- That alterations will lower the need for banks to sell assets or raise capital to meet the Basel leverage-ratio requirements, which might be set at 3% or higher from 2018.
- The Stoxx Europe 600 Banks index is +1.5%.
- Major banks: RBS, HSBC, BCS, DB, CS, UBS, GS, JPM, C, MS, WFC, USB, BK, SAN, BBVA, LYG, NMR
- ETFs: XLF, FAS, FAZ, UYG, KRE, VFH, KBE, IYF, EUFN, IPF, SEF, IAT, IYG, PFI, FXO, IXG, KBWB, KME, RKH, QABA, KRU, FINU, RWW, KBWR, RYF, FNCL, PSCF, AXFN, KRS, FINZ, EMFN, KBWX
Oct. 29, 2013, 3:53 AM
- Nomura's (NMR) FQ2 net profit ¥38.1B ($391M) vs ¥2.8B a year earlier and consensus of ¥42B.
- Revenue -7.1% to ¥428.4B.
- Brokerage commissions +46% to ¥105.6B; trading profit +24% to ¥110.2B; investment banking fees +35% to ¥23B. (PR)
- Declares dividend of ¥8 a share to stockholders of record as of the end of September. The dividend will be paid on December 2. (PR)
Jun. 5, 2013, 9:11 AM
Jun. 4, 2013, 9:11 AM
May 31, 2013, 9:14 AM
May 23, 2013, 9:12 AM
May 16, 2013, 9:19 PMJapanese stocks take their cue for their U.S. counterparts to trade lower today. The Nikkei Average is down 0.9% to 14,909.21. Tech-sector blue chips were among the leading decliners: Advantest (ATE -2.9%), Pioneer (PNCOY.PK -4.9%), Sony (SNE -3%) and Nintendo (NTDOY.PK -1.9%). lower. Other blue-chip losers Nomura (NMR -2%) and Sharp (SHCAY.PK -4%). | May 16, 2013, 9:19 PM
Nomura Holdings, Inc. engages in the provision of investment and financial services. It operates through the following segments: Retail, Asset Management, and Wholesale. The Retail segment includes investment consultation services, distribution of trust certificates, and management of insurance... More
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