Credit Suisse US pension work may be imperiled
The Labor Department gave the Swiss bank's affiliates a one-year extension of a key designation that allows them to manage U.S. pension funds, but says it will look at whether to revoke that due to the bank's misconduct.
Credit Suisse’s access to a key regulatory exemption relied on by banks and money managers to manage U.S. pension funds may be in peril.
The Labor Department granted affiliates of the Swiss bank a one-year extension of their status as a so-called Qualified Professional Asset Managers, while sta
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