Japan’s Nomura to reduce risk assets for wholesale business ...Middle East

The logo of Nomura Securities is seen at the company’s Head Office in Tokyo, Japan, November 28, 2016. REUTERS/Toru Hanai/File Photo Acquire Licensing Rights TOKYO, Nov 29 (Reuters) – Nomura Holdings (8604.T) said on Wednesday it would reduce risk weighted assets by up to 6% for its struggling wholesale business as the top Japanese investment bank scrambles to shore up its capital efficiency. Nomura plans to allocate resources within the group by adjusting the amount of positions in overseas macro products and shifting resources to Japan-related business, CEO Kentaro Okuda told investors on Wednesday. The Japanese bank also plans for an additional $100 million in cost cuts for t

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