Nomura Profits Surge 33% [Morning Update]

Every morning the Street of Walls team puts out an update on market levels, today’s top stories, and active M&A deals. Today’s Top Stories: New Housing Plan: Obama today will unveil a separate refinancing program targeted at non-agency homeowners (making refinancing easier for mortgages not backed by Fannie or Freddie) although this is the only initiative that will require Congressional approval Credit Suisse Laying off 109 in NYC: Credit Suisse yesterday filed with the New York state regulators saying they are going to eliminate 109 investment banking jobs in NYC beginning in Marchhttp://bit.ly/z1AgeG Small Business Borrowing: The Thomson Reuters/PayNet Small Business Lending Index, which…