Don’t say we didn’t tell you. We suggested that things were afoot in Nomura’s equities business around six weeks ago. “Equities is going to get decimated,” said one insightful headhunter. – And it has been. Bloomberg reports that Nomura is “shuttering” equity research, sales, trading and underwriting for European stocks. Cue the kinds of mass equities redundancies unseen in the City of London since RBS closed its equities business four years ago.

 

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