Labor Department Proposes To Waive Sanctions Against Credit Suisse: Too Big To Punish?

REPORT: Feds Could Let Major Bank Off Easy

The U.S. Department of Labor is proposing to waive sanctions against Credit Suisse Group AG (NYSE:AG) that would prevent it from managing pension money in the wake of the bank pleading guilty to criminal charges. The little-noticed waiver was outlined in an announcement published in the Federal Register. The government will accept public comment on the proposal until mid-October, and then make a final decision.

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