Bhattal exit deals blow to Nomura goals
Resignation is further blow to Japanese investment bank’s plans to build a successful global presence
Chief executive Jean-Yves Hocher reveals changes to corporate and investment bank in response to Basel III regulatory overhaul
Christian Meissner handed sole responsibility
Headhunters kept busy as fresh wave of redundancies expected
Fear of more job losses to come
US bank beats expectations after trimming expenses
An interactive guide to this quarter’s global mergers and acquisitions activity and the deals and dealmakers involved
.
As a new era of tougher regulation, greater oversight and less accommodating markets beckon, FT writers explore the strategies adopted by the world’s largest investment banks to fit this new climate
Resignation is further blow to Japanese investment bank’s plans to build a successful global presence
Unless banks can better demonstrate their usefulness to society, they face a debilitating battle against new regulation, argues John Gapper
The trouble is, conditions for exits are appalling. Too many banks are selling assets to meet regulatory targets. And it is a buyer’s market
The global crisis has altered the investment and corporate landscape so greatly that investment banking needs to be reimagined

UBS has set itself a course to recover. But targets are targets, and history shows that UBS has an eerie ability to trip over itself.
The emergence of Barclay’s chief as the face of London shows how the UK’s indigenous investment banking has all but disappeared, says John Kay
Early gains faded as attention refocused on the politics of Athens and Cannes. Investors can probably afford to wait for RBS to detail its investment banking plans
The New York Fed must raise the bar in deciding which firms can carry out monetary policy – then rigorously monitor them, writes Mark Williams