Nomura Said to Plan Job Cuts in Europe, Americas

Nomura Said to Plan Job Cuts in Europe, Americas

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Business, Social Studies

University

Hard

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The transcript discusses anticipated workforce cuts by Nomura due to financial struggles, particularly in Europe. The CEO had previously indicated that the European workforce might be too large. The bank reported its worst quarter since the global financial crisis, largely due to write-downs, including those from the Lehman Brothers acquisition. A global review of Nomura's businesses is underway, with findings to be presented to investors. The bank faces strategic challenges, lacking the scale to compete globally and considering a retreat to Japan, which also has growth issues.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What did the CEO Gina Guy indicate about the workforce in Europe?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What were the main reasons for Nomura's reported losses?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the global review announced by the bank?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges does Nomura face in competing with larger banks?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the current situation in Japan affect Nomura's strategy?

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