Nomura Holdings, Inc.

NOMURA HOLDINGS, INC.: They're feeling subprime pain on the other side of the Pacific, too. Recently, Japan's top brokerage, Nomura Holdings, said it will flee the home loan business in the U.S. after writing off an additional $621 million in bad debt during the July-September quarter. The company's U.S. mortgage losses now stand at $1.2 billion since January--far exceeding the modest hits at other Japanese firms. Nomura will lay off 400 employees, or nearly a third of its 1,300 New York staff. 11/26