Nomura buys Lehman Europe business Video

Nomura buys Lehman Europe business Video


Nomura buys Lehman Europe business
(02:09) Report

Sep 23 - Japan's Nomura Holdings Inc agrees to buy Lehman Brothers' equity and investment business in Europe and Mid East.

Japan's biggest brokerage said it expects to retain "a significant proportion" of the 2,500 staff employed in the business.

Lehman filed for bankruptcy protection last week and Britain's Barclays Plc bought its core U.S. broker-dealer business with Nomura buying its Asia-Pacific arm.

The deals are expected to save most jobs in each region.

The latest purchase is one of a number of forays by Asian financial investment providers in the wake of the recent financial turmoil.

Stefanie McIntyre reports.