Japanese bank Nomura has made cuts to its London investment bank that are set to hit up to 45 dealmakers, making it the latest firm to roll out redundancies in the wake of the coronavirus crisis.
The bank told staff of plans to cut back its team of dealmakers in London on 28 July, according to two people familiar with the discussions, with around 10% of people affected. Nomura employs around 450 dealmakers within its investment banking unit in London.
