Lehman Omnipresent in Nomura’s Push Into U.S

Masha Block

10/14/2010

12:55 am

Lehman Omnipresent in Nomura’s Push Into U.S.

Nomura is a Japanese breakage giant that after many years of failing to get a start up in the United States has finally gotten off and is a part of one of the most aggressive expansions underway on Wall Street. The Japanese banks have always wanted to come to the States for prestige because it is the place to be. At a time when American finances have begun to cut back, Nomura is hiring. Two years ago, Nomura only employed 650 but today it employs 1900 people inside the World Financial Center. Nomura bought up Lehman’s international operation in September 2008, making Nomura something of a Wall Street melting pot. A question that keeps coming up is whether Nomura will be willing or able to offer the big paydays that many Americans get. Nomura has the advantage of growing while man other banks are shrinking.

Nomura still has a ways to go but it is taking strides forward. This was the first year that it has ever been ranked. For the moment Nomura has come into Wall Street and stood its ground and will continue to grow and set a name for its self.

This is a big step for foreign banking in the United States. U.S. marketplace needs competitors to start being more aware of bankers like Nomura and the way it will come to affect the market. If more banks come into the US market it will open the floor up for many other companies to come in and take advantage of the growing American market. This may be good for them but for America it has to proceed with caution.

http://www.nytimes.com/2010/10/04/business/04nomura.html?_r=1