SMBC Nikko chief to take pay cut over insider trading

SMBC Nikko chief to take pay cut over insider trading

TOKYO, Japan - SMBC Nikko Securities Inc. President Eiji Watanabe holds a press conference at the Tokyo Stock Exchange on Aug. 7, 2012. The company said it will cut Watanabe's executive compensation by 30 percent for four months after a former corporate officer at the brokerage was indicted over an insider trading scandal.

SMBC Nikko chief to take pay cut over insider trading

SMBC Nikko chief to take pay cut over insider trading

TOKYO, Japan - SMBC Nikko Securities Inc. President Eiji Watanabe (R) and other company executives bow in apology during a press conference at the Tokyo Stock Exchange on Aug. 7, 2012. The company said it will cut Watanabe's executive compensation by 30 percent for four months after a former corporate officer at the brokerage was indicted over an insider trading scandal.

Ex-SMBC Nikko exec held for alleged insider trading

Ex-SMBC Nikko exec held for alleged insider trading

TOKYO, Japan - SMBC Nikko Securities Inc. President Eiji Watanabe and other executives bow in apology during a press conference in Tokyo on June 25, 2012. Prosecutors arrested Hiroyoshi Yoshioka, a former SMBC Nikko Securities executive officer, and three others over alleged insider trading.

New Nikko Cordial kicks off operations as Sumitomo Mitsui unit

New Nikko Cordial kicks off operations as Sumitomo Mitsui unit

TOKYO, Japan - Eiji Watanabe (2nd from L), president of Nikko Cordial Securities, Sumitomo Mitsui Banking Corp. President Masayuki Oku (2nd from R) and other officials shake hands in front of the new logo of Nikko Cordial Securities Inc. at its headquarters in the Kabutocho financial district in Tokyo on Oct. 1, 2009. The company began operations the same day as a wholly owned unit of SMBC after the completion of the bank's acquisition of the retail brokerage house from Citigroup Inc. of the United States.

SMFG to buy Nikko Cordial, bulk of Nikko Citigroup for 545 bil. yen

SMFG to buy Nikko Cordial, bulk of Nikko Citigroup for 545 bil. yen

TOKYO, Japan - Executives of Sumitomo Mitsui Financial Group Inc. and Citigroup Inc. shake hands at a Tokyo hotel on May 1 after announcing they have reached an agreement that SMFG will acquire Nikko Cordial Securities Inc. and the bulk of Nikko Citigroup Ltd. for 545 billion yen. (From L) Nikko Cordial Securities President Eiji Watanabe, Sumitomo Mitsui Banking Corp. President Masayuki Oku, SMFG President Teisuke Kitayama, Citigroup Vice Chairman Stephen Volk, and Nikko Citi Holdings Inc. Chairman and President Douglas Peterson.

SMFG to buy Nikko Cordial, bulk of Nikko Citigroup for 545 bil. y

SMFG to buy Nikko Cordial, bulk of Nikko Citigroup for 545 bil. y

TOKYO, Japan - Executives of Sumitomo Mitsui Financial Group Inc. and Citigroup Inc. shake hands at a Tokyo hotel on May 1 after announcing they have reached an agreement that SMFG will acquire Nikko Cordial Securities Inc. and the bulk of Nikko Citigroup Ltd. for 545 billion yen. (From L) Nikko Cordial Securities President Eiji Watanabe, Sumitomo Mitsui Banking Corp. President Masayuki Oku, SMFG President Teisuke Kitayama, Citigroup Vice Chairman Stephen Volk, and Nikko Citi Holdings Inc. Chairman and President Douglas Peterson. (Kyodo)

New Nikko Cordial kicks off operations as Sumitomo Mitsui unit

New Nikko Cordial kicks off operations as Sumitomo Mitsui unit

TOKYO, Japan - Eiji Watanabe (2nd from L), president of Nikko Cordial Securities, Sumitomo Mitsui Banking Corp. President Masayuki Oku (2nd from R) and other officials shake hands in front of the new logo of Nikko Cordial Securities Inc. at its headquarters in the Kabutocho financial district in Tokyo on Oct. 1, 2009. The company began operations the same day as a wholly owned unit of SMBC after the completion of the bank's acquisition of the retail brokerage house from Citigroup Inc. of the United States. (Kyodo)