Executives at the Tokyo-based firm may shed more than 100 traders and bankers across its overseas units.
Source: www.moneyweb.co.za
Nomura Holdings Inc. is planning to cut dozens of jobs across its trading and investment-banking businesses in Europe and the U.S. The job cuts are likely due to the Company’s troubled European business, which has lost billions of dollars in the past decade. After years of failing to generate sustainable profits at overseas operations, the CEO of Nomura has been reviewing the firm’s businesses and expects to present the results as soon as April.
