Mizuho Pays $128M To End Claims It Inflated CDO Rating
By Sindhu Sundar ( July 18, 2012, 8:21 PM EDT) -- Japan-based Mizuho Financial Group Inc.'s U.S. investment banking unit on Wednesday agreed to pay $127.5 million to settle U.S. Securities and Exchange Commission claims that the unit and three former employees artificially boosted the credit rating of a collateralized debt obligation it marketed backed by subprime loans....
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