Nomura Holdings said it would cut $1 billion in costs from its wholesale business and shut more than 30 of 156 domestic retail branches.
Japan's Nomura Holdings said on Thursday it would cut $1 billion in costs from its wholesale business and shut more than 30 of 156 domestic retail branches, in its latest strategy overhaul to turn around its struggling business.
The cost reduction will result in $300-$400 million in revenue gains, with the ultimate target of building a wholesale platform that delivers"consistent" pre-tax income of $1 billion, he said, without giving a timeframe for that goal. The bank said it would"de-emphasize" its whole business in EMEA , while sharpening focus in Asia, excluding Japan, and the Americas where it planned to increase business with corporate clients.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Japan's Nomura to cut $1 billion costs to revive wholesale business, shut branchesJapan's Nomura Holdings said on Thursday it would cut $1 billion in costs f...
और पढो »
Carlyle takes step forward on $1 billion U.S. oil-export projectA proposed $1 billion deepwater oil-export project moved ahead on Thursday with ...
और पढो »
Saudi Arabia gives Iraq $1 billion grant: state TV citing ministerSaudi Arabia's King Salman is giving Iraq $1 billion to build a sports city...
और पढो »
'Captain Marvel' crosses $1 billion mark and star Brie Larson celebratesJoining the likes of 'Black Panther' and the last 'Avengers' film, 'Captain Marvel' just crossed the $1 billion-mark—and the film's star Brie Larson couldn't be happier.
और पढो »
Bill.com Raises $88 Million At A More Than $1 Billion ValuationBill.com, the payments platform for small and medium-sized businesses raised $88 million in venture funding as it capitalizes on investor interest in the small business market.
और पढो »
'Captain Marvel' tops $1 billion mark globally'Captain Marvel' soared higher, farther, faster at the box office, crossing the $1 billion mark Tuesday after 25 days in theaters.
और पढो »
Yang raises $1.7M for 2020 bid in 1st quarterBusinessman Andrew Yang raised $1.7 million during the first fundraising quarter of 2019, his presidential campaign announced Tuesday.
और पढो »
The gender pay gap can add up to a $1 million shortfallWomen typically earn less than men and take more time out of the work force, which has a significant impact on their lifetime earnings.
और पढो »
NCAA men's basketball tournament bonuses: Four coaches, one weekend, $1 millionFinal Four coaches from Auburn, Michigan State, Texas Tech and Virginia picked up combined total of $1 million in bonuses from NCAA tournament wins.
और पढो »