Watanabe's resignation, which took place after an insider trading scandal at the company, will take effect on Aug. 1. Nagai said he plans to create a "new global strategy" for the bank.
Nomura also said there was a high likelihood that additional insider trading leaks would be discovered. Nomura has acknowledged it was the source of leaks on planned share offerings by several companies. The company's attorneys have found that equity sales staff would receive insider information about stock offerings from colleagues and then share the information with investors.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.
-- Written by Brittany Umar.
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