Citigroup, Credit Suisse, Nomura among banks curbing trips to Italy on fears over coronavirus outbreak: Report
The curbs come as coronavirus infections have soared across northern Italy over the past few days, causing seven deaths and more than 200 cases.
Oyo share buyback: Japanese financial groups’ consortium led by Mizuho, Nomura fund Ritesh Agarwal’s $2 bn stake repurchase
On Friday, Oyo had said Agarwal signed a deal to buy back shares worth nearly Rs 13,770 crore from early investors through his Cayman islands-registered entity, RA Hospitality Holdings.
Job cuts at Nomura Holdings, Japan's largest brokerage, have begun biting hard 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.
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.
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.