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...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

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

Print Edition

FinanceAsia Print Edition

EVENTS