Corporation News

Nomura Holdings Inc. reached agreement for the purchase of units for investment banking and trading in shares of Lehman Brothers Holdings Inc. Europe and the Middle East after yesterday announced that it will acquire the Asian division of the bank, reported Bloomberg.

The amount of the transaction is not specified. Tokyo based bank will retain the seats of most of the employees of Lehman in Europe and the Middle East, which are nearly 2500 people.

For the Asian division of Lehman Nomura offer 225 million dollars and will keep employees in the region who are in 3000.

The state of financial markets over the last ten days of Asian banks provide an opportunity to gain a share of the global market. The biggest Japanese bank Mitsubishi UFJ Financial Group Inc. for example, plans to buy 20 percent of Morgan Stanley for 8.4 billion dollars.

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U.S. papers covered them away from negativism and major indices registered significant growth tonight. That was the biggest one-day rise for the past 6 years and one of the most interesting sessions in recent months.

The reason for the substantial growth was the news from Washington that the government will create a “permanent” plan to support financial markets, analysts commented to Bloomberg. After the proposal of Senator Charles Shumer to create an agency to support financial markets, DJIA has increased by 617 points goals (nearly 6 percent) and exchange in New York erupted in the hubbub over Bloomberg.
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