Nov. 10 (Bloomberg) -- D. Carnegie & Co. AB, the 205-year- old Swedish investment bank, had its license revoked by the country's regulator and will be put under supervision of the national debt office.

The Stockholm-based bank may be able to regain its operating license under the stewardship of the debt office, the financial regulator said in a statement today. Carnegie took ``exceptional risks'' awarding loans, the watchdog said.

To contact the reporter on this story: Niklas Magnusson in Stockholm at nmagnusson1@bloomberg.net

Last Updated: November 10, 2008 09:14 EST