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![The logo of Nomura Bank (Deutschland) GmbH is pictured at their office in Frankfurt September 6, 2012. Nomura Holdings Inc, Japan's biggest brokerage, will make cuts in its equities and investment banking The logo of Nomura Bank (Deutschland) GmbH is pictured at their office in Frankfurt September 6, 2012. Nomura Holdings Inc, Japan's biggest brokerage, will make cuts in its equities and investment banking](https://l450v.alamy.com/450v/2cyff06/the-logo-of-nomura-bank-deutschland-gmbh-is-pictured-at-their-office-in-frankfurt-september-6-2012-nomura-holdings-inc-japans-biggest-brokerage-will-make-cuts-in-its-equities-and-investment-banking-businesses-as-it-looks-to-chop-1-billion-in-costs-with-its-loss-making-european-operations-taking-the-biggest-hit-unveiling-details-of-a-restructuring-it-outlined-last-week-nomura-said-the-combined-european-middle-east-and-africa-region-would-account-for-45-percent-of-the-cost-savings-target-reutersalex-domanski-germany-tags-business-2cyff06.jpg)