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Prime brokerage division will be significantly scaled back back as part of wider cuts
Up to three quarters of Nomura's prime brokerage personnel in Europe have been axed as part of major cuts announced by Japan's largest broker this week.
Speaking to Global Investor/ISF, an unnamed source said 75% of staff in the division have been told they will lose their jobs, with some already leaving the London office today.
The unit, which provides a bundle...
