U.S. Markets close in 2 hrs 2 mins

Nomura loses top M&A ranking in Japan, Bloomberg reports

Nomura Holdings (NMR) is losing its four-year hold on Japanese takeover advice to Mizuho Financial Group (MFG) after missing out on the year's biggest deal, Softbank's (SFTBF) $20B bid for Sprint Nextel (S), reports Bloomberg. Mizuho has worked on Japanese mergers and acquisitions announced this year valued at $77B, while Nomura advised on deals worth $52B, according to Bloomberg data.