FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that Japanese investment bank Nomura Holdings (NMR) is “winding down their equities business” and that it is telling executives in the equity business “to look for other jobs.” Gasparino reports that “Nomura Equity executives are flooding the market with resumes.” Excerpts from the report are below, courtesy of Fox Business Network.
On job cuts within Nomura Holdings:
“The FOX Business Network has learned that Nomura is telling executives, particularly in the equity business, to look for other jobs. Nomura is signaling to these executives that they are winding down their equities business. The job cuts focus on equity, so obviously that means trading, sales, banking and research. We know that Nomura Equity executives are flooding the market with resumes. Nomura has no comment.”