Nomura (NMR) mulls slashing expenses by up to $1B as part of a plan to refocus the bank on its...


Nomura (NMR) mulls slashing expenses by up to $1B as part of a plan to refocus the bank on its profitable businesses in the U.S., and Asia at the expense of its loss-making EU ops. The cuts would represent a reversal of Nomura's expansionist drive during the financial crisis, when it bought Lehman assets.

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