Nomura wholesale division turns profit, EMEA lags

By Jasper Cox
31 Jul 2019

Nomura’s wholesale business in Europe, the Middle East and Africa underperformed other regions in the last quarter, with the results coming out after the bank announced it is to scale back trading operations there. But the wholesale division registered a profit overall — a rare occurrence of late.

Revenue from the wholesale division increased by 16% to ¥159.5bn ($1.47bn) in the quarter ending June 30 — which Nomura describes as the first of the year — compared with the same quarter in 2018, the bank showed on Wednesday.

The division also made ¥20bn profit ...

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