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>

Nick Ferguson

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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