Nomura’s IB ‘restart’ risks repeating history

By David Rothnie
11 Apr 2019

Nomura’s growth plan in its latest restructuring depends on sweeping away regional fiefdoms while finding greater consistency. History suggests this could be a tall order, writes David Rothnie.

If, as Albert Einstein supposedly said, insanity is doing the same thing over and over again but expecting a different result, then Nomura should be on the brink, after unveiling yet another plan to cut costs in a bid to turn around its loss-making international wholesale bank.

The depressing sight ...

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