Nomura reveals cuts

Asia escapes worst of $1 billion Nomura cuts

The Japanese bank’s new chief executive reorganises equities and reveals that Europe and the Americas will take the brunt of the cost-cutting programme.
<div style="text-align: left;"> Koji Nagai is aiming to cut $340 million from Asia investment banking </div>
<div style="text-align: left;"> Koji Nagai is aiming to cut $340 million from Asia investment banking </div>
September 07, 2012

Koji Nagai, who has been Nomura’s chief executive since July 26, gave investors more details yesterday about how he plans to steer the bank back to profitability.

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