Nomura swoops for Lehman Europe and Asia

Japanese bank Nomura has agreed to acquire Lehman Brothers' European and Asia-Pacific franchises. Agreement was reached in late September for the US bank's Asian business, including units in Japan and Australia, to be sold to Nomura, which will assume responsibility for approximately 3,000 Lehman employees based in the region.

Just 24 hours later, the Japanese bank had pounced to purchase Lehman's European equities and investment banking businesses, which employ around 2,500 staff. Nomura said in

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