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.
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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