Nomura Holdings (NMR +4%) shares are surging today on a WSJ report that it’s planning to...


Nomura Holdings (NMR +4%) shares are surging today on a WSJ report that it’s planning to cut costs by $1B next fiscal year, in the first indication of how Japan's biggest brokerage is changing course under new management. The cuts come after another $1B in cost reductions in its wholesale business implemented earlier this year.
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