Abigail Hofman: Foreshadowing Nomura’s fall

Abigail Hofman
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The firm might be stuck in the middle with nowhere to go: it is neither a global, bulge-bracket player nor a focused, low-cost, niche operator.

It was a surprising summer. Despite Mitt Romney’s misgivings, the London Olympics were a spectacular success. Despite being viewed as the acceptable face of banking, Standard Chartered tripped over its halo. And despite, once again, being tipped as the favourite chief executive in waiting, former JPMorgan banker Bill Winters failed to show up at the Barclays party.

This was also the summer when many of the chickens that the Abigail with attitude column has been husbanding came home to roost. Some of my morose musings and occasional dark prophecies have come to pass. I suppose I should feel triumphant. Instead, though, I feel irritated when I contemplate the hostility that I endured from fulsomely paid, but...