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Nomura Holdings Ltd. CEO Kenichi Watanabe has resigned in the wake of an insider trading scandal that has tarnished the reputation of Japan’s biggest investment bank as regulators worldwide clamp down on unethical practices in the banking industry. The chief operating officer also resigned.
Regulators are investigating Standard & Poor’s over some of its ratings, according to a regulatory filing by S&P’s parent company. The McGraw-Hill Cos. says the Department of Justice and the Securities and Exchange Commission are investigating whether S&P broke federal laws when rating certain investments. S&P says the accusations are unfounded.
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