The Swiss government's lower house on Thursday narrowly rejected a bill that sought to move 46B francs ($52B) of pension funds back under domestic control and away from Boston-based State Street (STT),

The lower house in Bern voted 98-89 on March 13 in favor of preserving the Boston-based bank’s mandate for the social security funds. The majority dismissed fears that the administration of U.S. President Donald Trump could order State Street to withhold payments as a bargaining chip to pressure Switzerland.

State Street will remain custodian of a CHF46 billion Swiss pension hoard after lawmakers narrowly rejected a bid to reassert domestic control as a guard against US strong-arming of the country.

State Street Corp. is at risk of losing a $52 billion pile of Swiss pension assets as citizens start to worry that their savings might become a bargaining chip in Donald Trump’s deepening trade war with Europe.