Labour market · 23/02/2010

Deutsche Bank, State Street Bank and Trust Company, and The Bank of New York Mellon Receive Exemptions from Prohibited Transaction Restrictions Under ERISA and the Internal Revenue Code

The Department of Labor has issued exemptions to Deutsche Bank, State Street Bank and Trust Company, and The Bank of New York Mellon, allowing them to avoid certain restrictions on transactions with employee benefit plans under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code of 1986.