Hints and tips:
...For the bank, it was a first attempt at a major overseas acquisition since its purchase of Lehman Brothers’ Asian and European assets in 2008....
...Following a domestic banking crisis and the bankruptcy of Lehman Brothers in 2008, Japanese groups such as Sony, Panasonic and Hitachi entered a long and painful period of restructuring....
...Quiet quitting Vinod Adani has begun to retreat from his brother Gautam’s industrial empire as scrutiny mounts on the company, Bloomberg reports....
...It’s a trend confirmed by the department store John Lewis, which has recently updated and streamlined its shoe care range....
...An added unknown is Ewan Roy — Logan’s brother and Greg’s grandfather — who holds a board seat but may or may not have a stake....
...Mr Okuda’s close involvement in the integration of Lehman Brothers’ non-US businesses after their 2008 acquisition, said people who worked alongside him, had given him a clear sense of how resistant Nomura...
...Nomura’s 2008 acquisition of the European and Asian operations of Lehman Brothers was widely regarded as a disaster from which it has only recently managed to fully recover....
...I watched my parents work terribly hard so my brother and I would have every opportunity they did not have....
...leo.lewis@ft.com...
...A version of this article was first published by Nikkei Asia on July 23. ©2022 Nikkei Inc. All rights reserved....
...This reflects approximately 3,400 per cent of the chief executive’s base salary, Glass Lewis said....
...The corporate bond market has long been dominated by the sort of old-fashioned trading and large egos that were once made famous by the writers Tom Wolfe and Michael Lewis....
...Nomura’s overseas businesses, which are partly a legacy of its 2008 acquisition of Lehman Brothers’ assets, have historically been a source of volatile earnings, runaway costs and thwarted ambitions....
...Glass Lewis, the proxy adviser, branded the potential payouts “excessive”, adding that based on the company’s current share capital, the maximum payout would be approximately £65.2m....
...Nomura, which spent years recovering from the 2008 global financial crisis and its acquisition of key operations from Lehman Brothers, has given up on ambitions to compete with JPMorgan, Morgan Stanley and...
...“We created a new generation of #silver stackers,” wrote self-proclaimed retired trader and silver bug Jim Lewis. “This is a huge victory and we will repeat it.”...
...Ken Lewis, chief executive of the US precious metals retailer Apmex, said at the weekend that the company had been forced to stop selling silver due to a surge in demand....
...Today, Chewy Inc — an online retailer of pet food and accessories — is capitalised at $32bn....
...It remains to be seen whether they will reach their ambition, but the two brothers have unlocked a different achievement: becoming the most valuable private start-up in Silicon Valley....
...Leo.Lewis@ft.com...
...He had also hoped — despite many setbacks — to use the legacy Lehman Brothers business to build Nomura into a force to compete directly with the Wall Street titans....
...In 2008, the trading house Marubeni was sued by Lehman Brothers for $352m after fraudsters posed as executives of the Japanese company, used corporate stamps to seal documents and even hosted negotiations...
...The scale of the loss was driven by his desire to beat his counterpart at Salomon Brothers, Lewis Ranieri....
...what Mr Nagai described as a “challenging environment” in the wholesale business and the decision in February to book an ¥81bn impairment charge relating to the purchases of Instinet in 2007 and Lehman Brothers...
...My brother gave them to me — he’s an abalone diver.”...
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