Pensions

U.S. proposes pension-fund clearance for Citi, UBS, others

The U.S. Labor Department granted temporary permission to five banks to continue managing certain U.S. pension funds after convictions of the banks or their units, potentially allowing the banks to move beyond their legal troubles over objections by some Democratic lawmakers.

Neil Weinberg
By Neil Weinberg
Editor in Chief
American Banker

Sign Up Form

Login Modal Form