The chief executive of Japan's Nomura Holdings has resigned following a damaging insider trading scandal.
Kenichi Watanabe will step down on 31 July, bowing to pressure after Nomura was caught up in the scandal. Chief operating officer Takumi Shibata will also leave his post. It is alleged that staff leaked information on share offerings to customers before it was made public, the BBC reports. Nomura shares rose more than 5% in Tokyo on the news. The resignations came the same day as the bank posted a 89.4% drop in net profit in the fiscal first quarter to 1.89bn yen ($24.19m; £15.60m) from a year earlier. Last month, Nomura slashed the salaries of Watanabe and Shibata after an inte...
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