The takeover of Lehman Brothers’ Asian businesses by Nomura will keep the failed US investment bank’s futures operations alive, but the Japanese bank will not stop the closing of existing customer positions.
Nomura confirmed on Monday September 22 that the deal “does not include any trading assets or trading liabilities”.
The Japanese broker announced on Monday it had agreed to buy the entire Lehman franchise in Asia Pacific, including the Japanese regional headquarters and the firm’s Australian business. Although no...