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Business Bites: Heads roll at Japanese bank Nomura

26 July 2012 Last updated at 17:23 BST

The Chief Executive of the Japanese banking giant Nomura Holdings has announced his resignation over an insider trading scandal.

He and another senior colleague have resigned to take responsibility for an alleged leak of share offering information to customers before it was made public.

It's the latest head to roll at one of the world's leading banks since Bob Diamond resigned from Barclays.

Meanwhile, Facebook gets set to report its first quarterly earnings since becoming a public company.

The BBC's Aaron Heslehurst discusses the key financial stories of the day.