Nomura denies alliance talks

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JAPAN - Nomura Holdings has denied it is in talks with the country's fourth-largest bank, Resona Holdings, to join the two firms' asset management and investment banking businesses.

It was reported in the Nikkei Business Daily today that the alliance could involve Nomura purchasing YEN100bn ($815m) worth of shares in Resona and that the firms would join both their asset manage...

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