The Traderszone Network

Published in TZ Latest News 4 May, 2015 by The TZ Newswire Staff

Exclusive: Credit Suisse dropped SEC waiver request amid opposition – sources

Credit Suisse (CSGN.VX) has quietly withdrawn a request for a waiver to raise capital more easily, after U.S. Securities and Exchange Commission staffers told the bank in recent weeks it would not win approval, people familiar with the matter told Reuters. The bank had applied for the waiver following its agreement last year to pay $2.5 billion to resolve criminal charges that it helped wealthy Americans evade U.S taxes.

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