Wednesday February 15, 2012

JAPAN NEWS AND DISCUSSION

Nomura buys Lehman Brothers Asia units for $225 million

Business Sep. 23, 2008 - 07:28AM JST ( 11 )

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11 Comments

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DeepAir65Sep. 23, 2008 - 10:24AM JST

does Lehman's Asia cover Japan? A lot of companies have Japan as a separate "region"
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fatloserSep. 23, 2008 - 11:43AM JST

Nomura will be unable to motivate the workers and instill the same sense of pride that Lehman did.
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ultradodgySep. 23, 2008 - 11:57AM JST

Yes, amazingly Nomura has indeed bought the Japan operations as well. Whodda thunk?

Pride? HAHAHAHAHAHA! I think they will be able to instill in them something more important, something that Lehman couldn't: that "having a job" feeling.
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fatloserSep. 23, 2008 - 12:29PM JST

Nuy-Nyuk. She'll be apples mate,eh!!!!!!!!!!! By gar ya got a point. Lehman was a job and Nomura is a job!!!!!!!! That's a bit dodgy,eh!!
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wanderlustSep. 23, 2008 - 03:51PM JST

deepair

Think you'll find it is more of, "Does Lehman's Japan cover Asia?" Tokyo and London were there two regional hubs, with Hong Kong and Singapore, and more recently India, under Japan's control.

Certainly, having been burnt by Lehman's "One Firm" mantra, with the speedy recall of funds to New York and effectively abandoned by HQ, the non-US operations will be more sceptical of corporate BS.
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irabujapanuSep. 23, 2008 - 04:07PM JST

Good for Lehman people in Japan, atleast they have a job..hopefully they wont mind working 16 hrs a day and getting atleast 50% salary cut.. good part of the deal is better to get bought by a japanese bank than chinese!
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cwhiteSep. 23, 2008 - 06:01PM JST

gives the Lehman guys time to look for a new job. If Nomura is smart they will change nothing, if they are dumb as I expect the top 10% bringing in 90% of the cash flow will vanish overnight.
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AltriaSep. 24, 2008 - 09:38AM JST

Could be a good deal in theory, but I bet the Nomura people are gonna love their new colleagues making twice as much as them.
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kenchanSep. 24, 2008 - 12:10PM JST

cwhite> ur joking right? "bringing in the money"? You think the bankruptcy was no-one's fault? Nomura will have to integrate and take the best from the old lehman operations and dump the rubbish (which must have been part of the due diligence exercise).
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usaexpatSep. 25, 2008 - 12:24AM JST

A good buy this will trun out to be. The sad thing about this crisis is that while Lehman and others had bad debt, they also had a great potential to make money if they could raise capital. These companies are not bankrupt in the traditional sense. They are merely victims of the credit meltdown. I would say banks and investment houses picking up pieces of Lehman and Behr Stearns will in the end be the big winners as things finally bottom and head back up.
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kenchanSep. 25, 2008 - 01:48AM JST

uasexpat> yes, its just another business cycle that no one forsaw but will happen because business is run by humans with their ever present human errors.