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Nomura cuts 18 Asian banking jobs

Nomura Holdings, Japan's top brokerage and investment bank, has reportedly cut 18 Asian banking jobs, specifically in Hong Kong, Singapore, Malaysia, and Taiwan. The move comes as a result of a sharp slowdown in dealmaking activities. Sources told Reuters that the cuts were not just for Asia but also impacted the bank's international investment banking operations across the US, Europe, the Middle East, and Africa. The layoffs at Nomura involve staff across multiple divisions within its investment banking function, as the bank had a year of almost muted dealmaking activity in the region, according to the Reuters report.

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