The U.S. Securities and Exchange Commission plans to file charges against firms and people involved in the creation of a $1.6 billion mortgage-bond deal called Delphinus CDO 2007-1, the Wall Street Journal reported citing people close to the investigation. Mizuho Financial Group Inc. (MFG) and former employee Alexander Rekeda are likely to face civil charges, the report said.
Mizuho Financial underwrote and sold the mortgage-bond deal, while Rekeda assembled it, the report added.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.