Nomura, Insider Trading and Buying Politicians: Advanced Trading's Week in Review

Summer is over and it's time to get serious, especially on Wall Street and in Washington, D.C. This week we hear from luminaries in the financial services arena who touch on fraud, regulation and how to keep a large global investment firm from imploding. We also hear about whether an organization that represents banks in America will get involved in buying -- or rather, influencing -- politicians. As the saying goes, money goes to money.

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1. Not Dead Yet

To win in this business we have to cut costs now as the first step. We are not pulling our flag from global markets.

—Atsushi Yoshikawa, chief operating officer of Nomura Holdings, at a briefing for investors and analysts in Tokyo. The management of Japan's biggest brokerage said they are looking to chop $1 billion in costs.

Source: CNBC

Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio

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