The Federal Reserve Board gave Swiss Bank Corp. permission Monday to retain control of the U.S. operations of S.G. Warburg Overseas.

The Fed said Swiss Bank's new unit can provide investment advice, offer brokerage services, and underwrite government bonds and equity securities.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.