The study found that the gap between Merrill Lynch and Warburgs and other securities houses
has widened significantly, which reflects the huge structural changes and consolidation that have taken place in the industry over the past year.
Shinei-Ishino is a nonlisted smaller securities house
based in Kobe and owned 44% by the Sakura Bank group.
on Monday obtained a license from the Financial Supervisory Agency to operate as a full-range securities house
targeting individual and corporate clients in Japan beginning Tuesday, the company said.
The major Japanese banking group is expected to hold negotiations with Citigroup on a more detailed assessment of the assets of Nikko Cordial -- itself a major securities house
in Japan -- with an eye to reaching an agreement sometime next month or after, according to the sources.
Matsumoto, 58, became a Nomura adviser in April last year after serving as senior managing director at the largest securities house
The major securities house
's stock was first listed on the TSE in November 1986.
Lehman Brothers Holdings Inc., together with its Japanese holding company, invoked the Civil Rehabilitation Law.
filed for bankruptcy protection Monday after bailout talks faltered over the weekend.
The Japanese unit of the U.S securities house
Lehman Brothers Holdings Inc.
Lehman Brothers Holdings said earlier Monday it filed for bankruptcy protection Monday as bailout talks faltered over the weekend.
founded in 1850, said the Chapter 11 filing will not include its broker-dealer operations or other subsidiaries.
The Nagoya District Public Prosecutors Office suspects that the Nagoya-based midsize securities house
carried out illegal operations in a systematic and malicious manner, the sources said.