(Bloomberg Opinion) — After stumbling badly for two years, Nomura Holdings Inc. has finally regained its footing. But can the Japanese bank succeed in the race to capture market share in China and avoid tripping over a demographic hurdle at home? CEO Koji Nagai’s cost cuts and tightened focus on fixed-income trading for institutional clients are producing results. On Tuesday, Nomura posted pretax income of 128.5 billion yen ($1.2 billion), bumped up by a 73 billion yen gain on the sale of a stake in a research affiliate. The wholesale banking business, while slightly weaker than in the June quarter, …read more
Source:: Yahoo Finance
