News 

Nomura files application for securities company in China

“The financial services giant said it applied to the China Securities Regulatory Commission (CSRC) to establish a securities JV. The application was filed on May 8, 2018” reports financefeeds.com. Nomura plans to make detailed preparations for the securities company subject to discussions with the CSRC and other relevant parties.China has just reiterated its appeal for financial services companies, as Nomura Holdings Inc (TYO:8604) today confirmed that it aims to set up a joint venture securities firm there.Today, Mizuho Bank, Ltd. said it signed a Comprehensive Cooperation Agreement regarding commercial banking with the…

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The Belt and Road initiative may be risky, but Citi still sees big opportunities

“Warnings of financial risks may be sounding on China’s Belt and Road Initiative, but global banks are still seeing a promising opportunity” writes unknown author for cnbc.com. For investors, there are “multiple levels” of potential opportunities, Merlino said, highlighting infrastructure and activities surrounding major projects under the plan.In an interview with CNBC, Marc Merlino, Citi’s global head for its global subsidiaries group, said there are opportunities for not just banks, but institutional and corporate investors.”It’s the opportunities for micro infrastructure beyond the core projects. Source: cnbc.com Share This:

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News Platforms 

A bubble you didn’t even know existed could be bursting

“The core reason Hafeez thinks the data/platform bubble is set to burst is a political sea change against the sector” writes Akin Oyedele for businessinsider.com. This kind of scrutiny is part of a broader trend pushing the needle closer to bursting the “data/platform bubble,” according to Bilal Hafeez, Nomura’s global head of G10 FX strategy.It also doesn’t help that data companies have helped to widen income inequality by creating “winner-takes-all” dynamics, Hafeez said.Thirdly, Hafeez said fake news could also be the end of the platform bubble, according to Hafeez.”The EU…

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News 

Nomura Goes on Hiring Spree, Appoints 15 new Directors for US Operations

“Moreover, Scott Willard and Douglas Yablonski have joined the company as Managing Directors in the Acquisition & Leveraged Finance Group and M&A Groups, respectively” reports financemagnates.com. Among the company’s newest executive directors is Chris Young, who was recruited as an Executive Director for Nomura’s New York based Acquisition & Leveraged Finance Group. Source: financemagnates.com Share This:

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Crypto News 

No, bitcoin isn’t likely to consume all the world’s energy in 2020

“Here are a few things you might not know about bitcoin, the cryptocurrency that has captivated the financial world after skyrocketing about 2,000 percent in a year to more than $19,000 per coin at one point” writes -jonathan Koomey for cnbc.com. This bitcoin “mining” allegedly consumes more power than most countries use each year, and its electricity usage is roughly equivalent to Bulgaria’s consumption.But here’s another thing you might want to know: All of that analysis is based on a single estimate of bitcoin’s power consumption that is highly questionable,…

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News 

‘Get to the chopper!’: Helicopter money could be the next step for central banks in 2018

“For central banks facing policy limitations, helicopter money can be a natural step towards further easing” writes Will Martin for businessinsider.com. “Investors may be surprised by how strongly a few central banks can adhere to their inflation mandate.LONDON – The introduction of helicopter money into the global financial system could finally occur in 2018, according to research from analysts at Japanese lender Nomura.One of those scenarios, Nomura argues, is the introduction of helicopter money.It is not just Japan where helicopter money is a possibility in 2018, Goto says, pointing to…

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GBP News 

This chart shows how many banking jobs are at stake in the City after Brexit

“The chart below illustrates just how many jobs major banks have in the UK, and how many are thought to be at risk, based on media reports and Nomura’s own calculations:” writes Will Martin for businessinsider.com. According to a new analysis from Nomura, as many as 10,000 jobs could move on the very first day of Brexit.But just how many jobs are at stake?.  Source: businessinsider.com Share This:

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News 

USD: US Tax Reform Proposal: ‘Next Comes the Hard Part’ – Nomura

“Hopes for a significant reform in US taxes is one of the key drivers of the dollar” writes Yohay’s Google Profile for forexcrunch.com. But the hard part still awaits: Here is their view, courtesy of eFXnews: Nomura Research comments on the yesterday’s release of US tax reform proposal noticing that its stated goals of the proposal are to reduce the complexity for individuals, provide middle-class tax relief, and lower the tax rates on businesses. “What was not discussed today were the aspects of the tax reform that we believe will make…

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News 

Former Nomura Risk VP Pleads Guilty to Insider Trading on Acquisition Deal

“A former vice president in the risk management department of New York-based investment bank Nomura Holdings pleaded guilty to insider trading charges in a US court on Thursday” reports financemagnates.com. The risk manager, Avaneesh Krishnamoorthy, 42, entered a guilty plea on one criminal count of securities fraud before the U.S. District Court in Manhattan.Insider dealing convictions carry a maximum penalty of 20 years in prison and a maximum fine of $5 million.Krishnamoorthy agreed, as part of his plea agreement, not to appeal any prison sentence that is set between 16…

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News Stocks 

Human stock pickers have upper hand over AI when it comes to longer time horizons

“According to the Nomura Research Institute, humans have an upper hand when recognizing a particularly competent management team, or brand strategy, early on” reports financefeeds.com. A report by the Japanese Nikkei refers to data from the Nomura Research Institute concerning a comparison of human stock pickers and artificial intelligence (AI) solutions trying to do the same.The company has shown how two AI solutions can help traders to improve their performance. Source: financefeeds.com Share This:

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