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Scandal will put Nomura back in place – opinion
July 30, 2012
From Frances Yoon
Nomura’s insider trading scandal is a lifesaver for the firm. It can return to focusing on core businesses. It’s also a reminder to the megabanks that expansion must come with prudent planning.
Even as the global slowdown continued to roil financial markets and crimp investment banking revenue for the world’s most prominent banks, Nomura’s CEO Kenichi Watanabe and COO Takumi Shibata stood firm on materialising their dream. No matter what, they wanted...
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