Nomura to deepen cost cuts as CEO seeks to keep ship afloat
Bank's "Waterline Project" will try to fight waste and improve the cost-effectiveness of operations over three years
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Tokyo
THE code name chosen for Nomura Holdings Inc's latest cost-cutting drive indicates how strongly its chief executive sees the need for savings at the Japanese bank.
After slashing hundreds of overseas jobs since April, CEO Koji Nagai has unveiled his so-called "Waterline Project", which will attempt to combat waste and improve the cost-effectiveness of the bank's daily operations over the next three years.
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