Ralph Nader to Lead Critics Of Credit Suisse at DOL Hearing

The Labor Department will give an unlikely procession of speakers—including a relative of Holocaust victims and consumer activist Ralph Nader—a rare platform to tell federal regulators why it is time to banish misbehaving banks from lucrative businesses.

The critics are expected to press Labor on Jan. 15 to reject Credit Suisse Group AG’s request for an exemption from regulatory sanctions, a decision that would effectively ban the bank from managing U.S. pension funds. Switzerland’s second-largest bank pleaded guilty in the U.S. last year to helping thousands of Americans evade taxes 41 BPR 1174, 6/10/14, 106 DER EE-13, 6/3/14, 106 PBD, 6/3/14