1. Not Dead Yet
To win in this business we have to cut costs now as the first step. We are not pulling our flag from global markets.
—Atsushi Yoshikawa, chief operating officer of Nomura Holdings, at a briefing for investors and analysts in Tokyo. The management of Japan's biggest brokerage said they are looking to chop $1 billion in costs.
Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio