Nomura’s IB ‘restart’ risks repeating history

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.

  • By David Rothnie
  • 11 Apr 2019

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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