• nomura


    Nomura Dares The EEOC To Open An Investigation Into Its Porcelain Practices

    The city’s potty-parity rule for offices is getting flushed down the toilet at Nomura’s new headquarters at Worldwide Plaza. The building owner, a group led by George Comfort & Sons, is seeking permission to install far fewer toilets for women on the Japanese financial giant’s lower levels — presumably the male-dominated trading floors. The owners […]

    / Mar 21, 2013 at 11:23 AM
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    Layoffs Watch ’13: Nomura

    Cuts are said to have gone down across the pond earlier today.

    / Mar 13, 2013 at 3:17 PM
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    Layoffs Watch ’12: Nomura

    London employees are not the only ones being sat down for uncomfortable conversations.

    “FYI: Heavy cuts at Nomura across banking and equities today in the US as well.”

    / Sep 20, 2012 at 1:25 PM
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    Layoffs Watch ’12: Nomura

    Employees are said to be expecting something resembling a massacre tomorrow around 10 or so, depending on when people roll into the office.

    From the front lines:

    “Nomura London cuts happening tomorrow starting 10ish. It’s going to be a bloodbath.”

    / Sep 19, 2012 at 6:25 PM
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    Layoffs Watch ’12: Nomura

    The company is still in the firing phase of the rebuilding process.

    Nomura Holdings cut a team of London proprietary traders focused on stocks as Japan’s largest brokerage scales back in Europe, said two people with knowledge of the matter. The group of about five traders was part of Nomura’s Angel Lane Principal Strategies, a unit that makes speculative wagers on markets with capital provided by the Tokyo-based bank, according to the people, who declined to be identified because the job cuts haven’t been announced. The team departing this week was led by Anthony Medina, a volatility trader who used options to bet on fluctuations in the prices of stocks, the people said. The departures are part of Nomura’s plan to reduce costs by $1 billion, with almost half the savings coming from Europe. The revamp in strategy follows a four-year struggle to build a business overseas following the purchase of Lehman Brothers Holdings Inc.’s European and Asian units in 2008.

    Nomura Said To Cut Team Of Proprietary Traders Focused On Stocks [Bloomberg]

    / Sep 14, 2012 at 3:29 PM
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    Layoffs Watch ’12: Deutsche Bank, Barclays, Nomura, Credit Suisse, UBS

    Things could be better in Europe.

    Big investment banks in Europe, including Nomura, Credit Suisse and UBS, are stepping up plans to cut jobs as they seek to adapt to a drastic slowdown in revenues and tighter regulation. Bank executives, headhunters and analysts say that the cuts are shaping up as the deepest since the start of the financial crisis after a disappointing summer dashed hopes of a business revival. One senior headhunter said many large investment banks will have “at least 20 per cent” fewer staff in capital markets and M&A advisory business in Europe by the end of the year compared with late 2011. “It [the market] has never been as bad as this. Bankers have long lost confidence in their banks but now they are also losing their self-confidence, their mojo,” a senior advisory banker said.

    Among the banks that will reduce their investment banking workforce is Japan’s Nomura, where London-based bankers say that they expect several hundred jobs to be removed in Europe alone as part of a $1bn cost-cutting effort. Switzerland’s largest bank UBS, which cut staff levels earlier than rivals by announcing 2,000 job cuts in the investment bank after a $2.3bn unauthorised trading loss last year, is preparing for intensified cuts as it is seeking to streamline further the unit, several people familiar with the situation said. At Credit Suisse, insiders estimate that the additional SFr1bn ($1bn) in groupwide cuts that were announced in July will translate into up to 1,000 jobs being lost, most of which would be in the investment bank. Analysts expect also Deutsche Bank and Barclays to reduce their headcount further this year. Deutsche said two months ago it would reduce staff levels by 1,900.

    Investment Banks Eye Europe Job Cuts [FT]

    / Sep 7, 2012 at 1:44 PM
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    Layoffs Watch ’12: Nomura

    Nomura is said to be encouraging people in equities to consider their options elsewhere but it’s okay because this is all part of a plan.

    / Sep 6, 2012 at 3:18 PM
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    Layoffs Watch ’12: Nomura

    The firm has big plans to “rebuild the investment bank from the ground up,” starting by canning a few hundred or so employees.

    / Aug 27, 2012 at 1:53 PM
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    Nomura Shareholder Offers Novel Approach To Avoiding Bankruptcy

    Facilities that force employees to “hunker down.”

    Notice of Convocation of the 108th Annual Meeting of Shareholders [Nomura Holdings]

    / Jun 1, 2012 at 10:15 AM
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    Nomura Employee Given Some Time To Ponder What He Would Have Done Differently In Having Fake Grenade Sent To Office

    Nomura Holdings said it placed an employee on administrative leave who was responsible for bringing an “inappropriate item” into its New York offices after police said a fake grenade was found in the building, [causing 2 World Financial Center to be evaucated]…The package was ordered by an unidentified employee who had bought it from an […]

    / Apr 17, 2012 at 10:48 AM
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    2 World Financial Center Evacuated, “Suspicious Package” Being Investigated [Update: Break’s Over]

    Building 2 is home to Nomura Securities, among others. According to the Daily News reports the package is thought to contain a grenade.

    Update: Though initially worried about what was going on, Nomura employees are apparently “pretty calm right now” and “gathered at a local bar waiting to see what’s next.”

    Nomura NY Offices Evacuated Due To Suspicious Package, Traders Say [MarketBeat]
    NYPD Investigating Suspicious Package at World Financial Center [Bloomberg]
    World Financial Center evacuated after suspicious package found [NYDN]

    / Apr 12, 2012 at 11:42 AM
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    Layoffs Watch ’11: Nomura

    Unfounded rumor of the afternoon: apparently big cuts are said to be expected by the end of the year.

    / Nov 25, 2011 at 2:01 PM
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    Nomura Management Does Not Discriminate When It Comes To Referring To Women’s Racks As “Honkers”?

    Last November we mentioned that Maureen Murphy and Anna Francis, two female Nomura employees (legacy Lehman girls), had sued the bank claiming that “sexist Japanese company chiefs effectively sidelined them because they were women and not Japanese.” Murphy, a senior analyst earning £55,000-a-year said that on one occasion a male colleague told her women “belonged […]

    / Apr 13, 2010 at 3:29 PM
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    Nomura Banker Not Amused By Being Told She Was Better Suited For Housework, Boss Referring To Her Rack As “Knockers”

    Kidding, no one would ever use a term like that in the office. What the guy actually called them was “honkers.” As previously discussed, Nomura’s acquisition of Lehman’s internal operations has not gone as smoothly as everyone had hoped. The Lehman employees are very difficult, all but refusing to submit to their new employer’s way […]

    / Nov 4, 2009 at 2:18 PM
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    Nomura: Summer’s Over So Lock It Up, Finger Sluts

    As we’ve discussed before, Nomura’s acquisition of Lehman’s internal operations has not gone as smoothly as everyone had hoped. The Lehman employees are being very difficult, all but refusing to submit to their new employer’s way of doing things. Particularly the women. Despite being told that short sleeves are not acceptable, as they are the […]

    / Oct 16, 2009 at 11:46 AM
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    A New Phase Has Begun

    We began the phase with the all too familiar “We are well capitalized. We don’t foresee additional equity raises being required in the foreseeable future, except in the event of something unforeseen.” This was followed within 30 days with an unforeseen event, another major equity raise and related dilution to existing shareholders. Next up, the […]

    / Nov 19, 2008 at 9:46 AM
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    Nomura Buys Brothers?

    Nomura Holdings has apparently agreed to buy the European operations of Lehman Brothers. Supposedly management just held a meeting with IBD, and announced that 500 out of the roughly 700+ person staff will be retained, with one month of severance offered to those left of the deal.

    / Sep 23, 2008 at 9:15 AM

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