Nomura’s Japan company bond market rank slips after probe

Nomura Holdings’s rating within the company bond market stays beneath stress after its status was hit by a market manipulation scandal at a time of higher scrutiny of governance breaches in Japan.

Japan’s greatest brokerage noticed its place fall to sixth place in November and its market share shrink to 2.1%, the newest knowledge compiled by Bloomberg exhibits, with on-line brokerage SBI Holdings leapfrogging over its bigger rival.

Nomura’s status has taken a success after it admitted to a bond market manipulation in October and following costs introduced towards a former worker in November on suspicion of theft, arson and tried homicide of an aged couple throughout a buyer go to.