Daiwa Securities: Europe Unit Sold Synthetic Prime Brokerage Operations To Bank Of Nova Scotia
01 Dicembre 2011 - 12:23PM
Dow Jones News
Daiwa Securities Group Inc. (8601.TO) said Thursday that its
European unit has sold its synthetic prime brokerage operation to
Bank of Nova Scotia (BNS).
The Japanese securities firm, which said last month it aims to
cut costs by more than Y40 billion by the fiscal year ending March
2014, didn't specify the value of the deal but said it doesn't
expect the move to have a major impact on its business results.
-By Shawn Schroter, Dow Jones Newswires; +81-3-6269-2772;
shawn.schroter@dowjones.com
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