lehman-effect-boosts-and-reduces-nomuras-q1-profit

Lehman effect boosts and reduces Nomura's Q1 profit

Ex-Lehman bankers boost global trading, but personnel expenses drag down investment banking as Nomura finally returns to the black.

Nomura Holdings climbed back into the black in the first quarter of its 2009 financial year after five quarters in the red. Three of its five divisions (retail, global markets and asset management) posted profits, while merchant banking and investment banking reported losses.

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