Article: Nomura CEO’s Honeymoon Ends With $2 Billion Archegos Debacle

Article - Media, Publications

Nomura CEO’s Honeymoon Ends With $2 Billion Archegos Debacle

Takashi Nakamichi and Takako Taniguchi,  31 March 2021

Nomura Holdings Inc.’s chief executive officer was having a bumper inaugural year in charge — until a U.S. family office spoiled the party.

Just days before Kentaro Okuda’s first anniversary as head of Japan’s biggest brokerage, the company warned of a “significant” loss from an unnamed U.S. client. That’s tied to the massive unwinding of leveraged bets by Bill Hwang’s Archegos Capital Management, according to people familiar with the matter. Continue reading “Article: Nomura CEO’s Honeymoon Ends With $2 Billion Archegos Debacle”

Article: Japan Cracks Down on Naked Short Selling

Article - Media

Japan Cracks Down on Naked Short Selling

Takashi Nakamichi, Ayai Tomisawa

The Wall Street Journal, 28 October 2008

Japan moved Tuesday imposed new restrictions on so-called “naked” short selling of stocks, stepping up its efforts to arrest the tumble in domestic share prices.

The Tokyo Stock Exchange has asked member brokers to stop accepting naked short-sell orders, TSE President Atsushi Saito told a news conference.

Read full article.