Kenichi Watanabe

FOX BUSINESS NETWORK’S CHARLIE GASPARINO REPORTS THAT NOMURA HOLDINGS IS WINDING DOWN THEIR EQUITIES BUSINESS AND CUTTING JOBS

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that Japanese investment bank Nomura Holdings, Inc. (NYSE:NMR) (TYO:8604) 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.”

On job cuts within Nomura Holdings, Inc. (NYSE:NMR):

“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.”

According to reports yesterday, Nomura Holdings, Inc. (NYSE:NMR) has begun to announce job cuts in its European offices, in an effort to save $1 billion. These job cuts are expected to begin at the end of the month.

This is breaking news, we will follow up with more details later.