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Nomura Cuts Dozens of Jobs at U.S. Investment-Banking Unit

  • New CEO Kentaro Okuda has asked managers to review operations
  • Japan’s biggest brokerage returned to profit on trading boom
Views of Nomura and Daiwa Securities Ahead of Earnings Announcement
Photographer: Kiyoshi Ota/Bloomberg
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Nomura Holdings Inc. cut dozens of jobs at its U.S. investment bank, people with knowledge of the matter said, joining several rivals that are starting to retrench as the coronavirus pandemic clouds business prospects.

The firm notified some workers on Tuesday, according to the people, who asked not be identified because the headcount reduction isn’t public. Less than 10% of the investment-banking staff in the U.S. are affected, the people said.