Nomura, Insider Trading and Buying Politicians: Advanced Trading's Week in Review
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.