Even as
Bank of America and
PNC cut their stakes in
BlackRock [
see profile], another bank may build new ties to the mutual fund firm.
Pensions & Investments' Douglas Appell
reports that Tokyo-based
Mizuho Financial Group plans to shell out $500 million to buy a two percent stake "with plans to deepen an existing partnership between the two firms. 
Edited by:
Neil Anderson, Managing Editor
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