Nomura Holdings

Get this: More pink slips in Asia, banks lead the race

The first round of Asia job cuts began in earnest at the end of September as strict capital rules and a tough third quarter for trading income took their toll, hitting investment banking in particular.

Wrap up: Pranab wants to cut govt expenses; Nomura, jobs

Job cuts at Nomura Holdings, Japan's largest brokerage, have begun biting hard in India.

Cost cutting: Nomura lays off several employees in India

Over 100 employees are being given the pink slip as part of a worldwide cost-cutting drive and this involves employees at several levels - from the top down to the middle and bottom.

Nomura India's top three executives quit

As a part of the Japanese bank's plan to save costs, Nomura India's investment banking head Nipun Goel, Indraneil Borkakoty and Shubham Majumder quit.

Layoffs swing across Asia banks; BofA, Nomura, HSBC cut jobs in India

Asia's investment banking industry is heavily reliant on the equity capital markets, which by some estimates accounts for around two-thirds of banks' revenues in the region. While some offerings are pushing through in the current market turmoil, most deals are getting shelved or cancelled.