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Nomura dealmaking fees tumbles and leads to massive cuts for European bankers

According to sources with knowledge of the situation, the investment bank is dismantling teams in Amsterdam, Paris, Milan, and Madrid, with approximately six bankers leaving as part of a larger round of layoffs across the investment bank.

Nomura has begun a new round of dealmaker layoffs in January, targeting Europe, Asia-Pacific, and the United States. The bank has targeted sectors where it has limited size, such as technological services and coverage of financial institutions.

The majority of its employment losses in Europe have affected its City operation, with 10% of dealmakers in London, or approximately 30 employees, laid off in January, according to Financial News. It has also eliminated 18 dealmakers in Asia, according to Reuters.

In an earlier statement, the bank stated, “2022 witnessed a

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