Nomura has space to cut a further $187 million in costs, CEO says

Nomura Holdings plans to cut costs by ¥28 billion, aiming to improve return-on-equity and continue growth in its wealth management business, amid past controversies.

Archegos' Bill Hwang sentenced to 18 years in prison for massive US fraud

Archegos' Bill Hwang deserves 21 years in prison, US says

Bill Hwang faces 21 years in prison for a scheme that led to Archegos' collapse, costing lenders billions, with prosecutors citing a pattern of fraud and lack of remorse.

Earnings call: Nomura Holdings reports robust Q2 with record net income

Nomura more than doubles profit in quarter overshadowed by scandal

Nomura Holdings reported a quarterly profit of $645 million, doubling year-over-year, despite a trading scandal, leading to penalties and voluntary pay cuts for executives.

Meta says its Llama AI models being used by banks, tech companies

Meta's Llama AI models are widely adopted by major companies for various functions, demonstrating utility and competitiveness, despite challenges with logical tasks and factual accuracy.