Nomura Said to Plan Cutting About 20% of North America Staff

  • Decision isn't final, and cuts might reach 30%, a manager says
  • Japanese firm has been expanding in U.S. to boost fee business

Nomura Holdings Inc. may dismiss about 20 percent of its workforce in North America, according to people with knowledge of the situation, joining a growing number of competitors shrinking Wall Street operations amid a trading slump.

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