Nomura and Barclays Capital have become the latest financial institutions to cut legal jobs, with the Japanese investment bank making cuts in its U.K. legal team. Nomura confirmed that the cuts represent a little more than 2 percent of its 90-strong team in the U.K., with the affected positions sitting in business groups the bank had already scaled back on. The losses at Nomura follow those at other banks with UBS, Bear Stearns and Barclays Capital among those to recently announce headcount reductions.
July 11, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Nomura and Barclays Capital have become the latest financial institutions to cut legal jobs, with the Japanese investment bank making cuts in its U.K. legal team.
Two members of the bank’s in-house legal and compliance team in London have been made redundant, with the cuts affecting both the real estate finance and collateralized debt obligations teams.
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