Staff unrest at Nomura in UK

nomura-london-2009

LONDON - As if losing £1.3 billion in a year due to bad loans and flatlining capital markets was not bad enough, Nomura Bank's UK arm is also suffering from a deteriorating state of employee morale.

The Japanese bank recorded an overall £4.5 billion net loss in the year to March 31 as it suffered from one-off hits such as an exposure to disgraced financier Bernard Madoff's $65 billion Ponzi scheme and the implosion of Iceland's banking sector.

But since buying the European and Asian operations

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