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daiwa
’Daiwa SMBC — more consolidation in Japan
Consolidation and competition among foreign and domestic brokers are two of the main themes in Japan’s financial services industry right now.
In the latest deal, Daiwa Securities Group, Japan’s second-largest brokerage,
TSE hires Morgan Stanley for IPO, snubs Nikko Citigroup
So, after much rhetoric, rumour and one false start in 2004, the Tokyo Stock Exchange, still the world’s second-largest bourse, has finally acted on its long-held plans to float. The TSE announced on Friday it has hired Morgan Stanley,
Japanese say hai to hedge funds
In a country where the majority of household financial assets are squirrelled away in safe bank or post office accounts earning tiny rates of interest, a retail hedge fund market might seem an outlandish proposition,