Cathy Chan - Profile and Journalist Details
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Get connected with journalists todayCathy Chan
Verified
Senior Finance Reporter, Bloomberg News
Hong Kong
Beats
scoring credit cards, Personal Loans , Student Loans , Business Credit , Credit Card Rewards , Travel, Credit Reporting
Anything not travel related.
Content
By Cathy Chan Verified, Takashi Nakamichi| Bloomberg News Verified Nomura Holdings Inc. has scaled back its original focus on China wealth to prioritize an expansion in brokerage and asset management in the world’s second largest economy, according to people with knowledge of the matter. Nomura Orient International Securities Co. has trimmed staffing by about two-thirds in its China wealth business over the past two years, the people said, asking not to be identified as the matter is confidential.
By Cathy Chan Verified| Asset Securitization Report Verified (Bloomberg) -- Nomura Holdings Inc.'s Rig Karkhanis anticipates revenue for the firm's global markets business to reach a record and said he will boost hiring to help execute on its broader strategy push. Global markets revenue is likely to increase more than 20% in the current fiscal year with all regions delivering year-on-year growth, Karkhanis, the bank's Singapore-based division head, said in an interview. For the first time in a decade, the metric also rose in the nine months to Dec.
By Cathy Chan Verified, Takashi Nakamichi| Bloomberg News Verified Nomura Holdings Inc. has scaled back its original focus on China wealth to prioritize an expansion in brokerage and asset management in the world’s second largest economy, according to people with knowledge of the matter. Nomura Orient International Securities Co. has trimmed staffing by about two-thirds in its China wealth business over the past two years, the people said, asking not to be identified as the matter is confidential.
Company Info
Bloomberg News
Bloomberg L.P. is a global financial data, software, and media company founded in 1981 by Michael Bloomberg and his partners. Originally named Innovative Market Systems, it rebranded to Bloomberg L.P. in 1986. The company is renowned for the Bloomberg Terminal, a proprietary platform that provides real-time financial data, analytics, and trading tools to over 350,000 subscribers worldwide. Bloomberg operates in three main areas: financial technology, news/media, and data analytics. Its flagship product, the Bloomberg Terminal, offers market data, news, and communication tools for financial professionals. Bloomberg News, with over 120 bureaus globally, covers financial markets, politics, and technology across various platforms, including digital, television, and print. The company also provides specialized data and analytics services, including legal and regulatory information, through its acquisitions. Bloomberg L.P. is privately held, with an estimated revenue of $12.5 billion in 2023, primarily from terminal subscriptions.
'+1 212-318-2000
Founded: 1981