Nomura Abandons London Prop Trading Efforts After Less Than 2 Years

Nomura Holdings has abandoned its attempt to restart a proprietary trading desk in London, a move that shows the firm's ongoing shift towards a more stable customer-focused business despite past losses. The desk was established last year but was folded into other parts of the markets business earlier this year. The move comes as regulators continue to restrict proprietary trading practices following the 2008 financial crisis.