From right, Nomura Holdings Ltd. CEO Kenichi Watanabe, Nomura Securities Co. President Koji Nagai and Senior Managing Director Shoichi Nagamatsu bow at the start of a press conference in Tokyo ... more 
From right, Nomura Holdings Ltd. CEO Kenichi Watanabe, Nomura Securities Co. President Koji Nagai and Senior Managing Director Shoichi Nagamatsu bow at the start of a press conference in Tokyo Thursday, July 26, 2012. Watanabe announced his resignation in the wake of an insider trading scandal that has tarnished the reputation of Japan Inc. and its biggest investment bank. Watanabe will from Aug. 1 be replaced by Nagai. (AP Photo/Shizuo Kambayashi) less 
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Associated Press | Photo By Shizuo Kambayashi
Thu, Jul 26, 2012 8:11 AM EDT