Nomura, the Japanese bank, has announced new cuts in its US investment banking business after the Japanese financial group lost over $600m (€423m) on its investment in the sub-prime mortgage market.

Nomura has closed its residential mortgage-backed securities business, cutting just over 30% of its US-based staff, after losing Â¥73bn (€438m) in the market.

Nomura cuts US staff by 30% on back of sub-prime losses

Harry Wilson

JP Morgan

Credit Suisse

London Stock Exchange fires US employee after video of ‘racist’ altercation

‘I was considered the most junior person in the room’: Senior disabled finance workers on promotion battles and prejudiced attitudes

JPMorgan boss Jamie Dimon to meet chancellor Rachel Reeves ahead of Labour government’s first Budget

Kirkland & Ellis hires Clifford Chance London fund finance heavyweight

https://images.fnlondon.com/im-58085248?size=1.5

US legal giant raids Magic Circle law firm in London

Monzo appoints Mombak’s Tom Oldham as group CFO 

https://images.fnlondon.com/im-93657852?size=1.5

Monzo appoints Mombak’s Tom Oldham as group CFO

The fintech has also appointed Barclays’ Mark Newbery as its UK CFO

Fordham’s geopolitical advisory firm enlists political heavyweights, Citi FX specialist

https://images.fnlondon.com/im-05041354?size=1.37

The advisory firm has turned to a former senior civil servant and Conservative MP to bolster its business amid heightened geopolitical tensions

The Japanese company is taking a bigger bet on the potential of artificial intelligence as the technology improves and gains momentum.

SoftBank Plans $1.5 Billion Investment in OpenAI

SoftBank Group Plans $1.5 Billion Investment in OpenAI

The luxury carmaker is raising around $264 million from investors as it seeks to stabilize its balance-sheet, and has cut its full-year earnings guidance for the second time in nearly three months.

Aston Martin Issues Another Profit Warning

Aston Martin Raises Cash From Investors, Issues Profit Warning

The food-delivery group said it aims to reduce the administrative burden, complexity and costs associated with its London listing, as it joins a growing list of companies leaving the U.K. bourse.

Just Eat Takeaway to Delist From London Stock Exchange

Just Eat Takeaway.com to Delist From London Stock Exchange

Kevin Hassett has been named to lead the National Economic Council, while Jamieson Greer has been selected as the U.S. trade representative.

Internal company documents describe the bank’s weak anti-money-laundering controls and failure to complete due-diligence reviews as staff expressed alarm: “We need to kill this.”

How Morgan Stanley Courted Dodgy Customers to Build a Wealth-Management Empire

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

https://www.wsj.com/?type=allesseh_content_full_list

https://www.fnlondon.com/client

MY ACCOUNT

ABOUT

SECTIONS

unbolded

Financial News

SoftBank Plans $1.5 Billion Investment in OpenAI

Aston Martin Issues Another Profit Warning

Just Eat Takeaway to Delist From London Stock Exchange

Trump Rounds Out His Economic Team

How Morgan Stanley Courted Dodgy Customers to Build a Wealth-Management Empire