M&A deals declined 17% to $25.8 billion in Jan-Mar
The financial sector contributed 43.6%, or $11.3 billion, to overall M&A deals in the first quarter
The number of deals fell 12.9% from a year ago
Nomura cuts jobs and bank branches to reduce costs by $1 billion
Japan's Nomura Holdings will shut more than 30 of 156 domestic retail branches in its latest overhaul
Nomura also plans to axe about 100 jobs in London
Yes Bank plans $500 million share sale to boost loans
Yes Bank plans to wait until it reports earnings later this month before it starts marketing any deal
A stock offering would help Yes Bank improve its risk profile and support loan growth after years of rapid growth
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