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Daiwa Capital Markets America Holdings Inc. company history timeline

1990

At the time, Daiwa had the most experience in international markets of any Japanese securities house, an important edge as securities markets became more and more global--by 1990, the firm was listed on seven stock exchanges in Europe.

1998

1998: Daiwa Securities SB Capital Markets Co. is formed in an alliance with Sumitomo Bank.

2001

Sumitomo Bank merged with The Sakura Bank Ltd. to create Sumitomo Mitsui Banking Corporation in 2001.

2002

The firm posted a net loss of ¥130 billion during fiscal 2002, due in part to the disposal of various properties.

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