Nomura Cutting Heads, Jefferies Profit Declines
Nomura plans 'some redundancies' in its Australian equities business in line with its global strategy, according to a memo obtained by Bloomberg News.

The Nomura Group is a financial services group comprising Nomura Holdings and its subsidiaries in Japan and overseas. Nomura provides investment and merchant banking services.
Nomura plans 'some redundancies' in its Australian equities business in line with its global strategy, according to a memo obtained by Bloomberg News.
Nomura continues to strengthen its Investment Banking franchise with the announcement of six senior hires.
Three former executives of Banca Monte dei Paschi di Siena SpA face an expedited trial for allegedly obstructing regulators in the first indictments related to the managers’ use of derivatives to mask losses.
UBS hired Nomura’s former co-head of investment banking, William Vereker, to help oversee its merger advisory and capital markets operations in Europe, two people with knowledge of the talks said.
Corporate governance heavyweight Hermes has lashed out at what it calls the “high” level of pay at Deutsche Bank.