Record fine from Tokyo bourse for Nomura

The Tokyo Stock Exchange has hit the investment bank Nomura with a ¥200m (£1.5m) fine over insider dealing. It is the biggest fine imposed by the TSE, but just 0.2 per cent of Nomura's ¥85m profits last year.

Nomura has acknowledged that some employees were involved in leaking insider information to clients ahead of share offerings and its chief executive Kenichi Watanabe resigned over the scandal.