Nomura flags staff cuts as it trims costs by $1 billion

The new leadership says the aim is to achieve a pre-tax income of $3.2 billion by March 2016 and to position the Japanese bank for sustainable profitability.

Nomura flags staff cuts as it trims costs by $1 billion

Nomura is planning to cut costs by another $1 billion as part of a three-year plan to equip the firm for new industry challenges and ensure that it will be profitable on a sustainable basis by the time it reaches its 90th anniversary in 2016.

The cost cuts, which were communicated to management at a meeting in Tokyo on Friday morning and relayed to the Japanese media by the head of corporate communications later in...

To continue reading, please login or register for free

Click for more on: nomura | job cuts | headcount | cost cuts | koji nagai

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...