US EditionInvestigation Finds 890 Nazi-Linked Accounts at Credit Suisse
UBS and Credit Suisse face scrutiny over 890 potential Nazi-linked accounts amid a Senate probe considering reopening the $1.25 billion 1999 Swiss bank settlement.
- On February 3, the Senate Judiciary Committee will hold a hearing on banks' WWII-era conduct, with two high-level UBS executives and independent ombudsperson Neil Barofsky scheduled to testify.
- Following an expanded archive review, investigators reported 890 Credit Suisse accounts with potential Nazi links and a dispute over 1990s-era attorney communications relevant to reopening the 1999 global settlement.
- Grassley said newly uncovered records show the SS's economic arm held an account at Credit Suisse and reveal ratlines to Argentina along with accounts tied to the German Foreign Office, a German arms manufacturing company, and the German Red Cross.
- UBS has asked Judge Edward R. Korman to clarify the 1999 settlement, citing fewer than 150 disputed Credit Suisse documents due to litigation threats, as the bank's U.S. national bank charter application progresses, Karofsky said.
- At Tuesday's hearing, aides say the investigation is set to conclude by early summer with a final report expected at the end of 2026, and Grassley plans to call for a central repository for materials.
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28 Articles
The former Swiss banking giant is accused of having held previously unknown accounts with possible links to Nazi Germany. UBS must now answer for the allegations made against Credit Suisse.
Hundreds of Nazi-Linked Accounts Connected to Bank
Investigations by Credit Suisse have led to the discovery of hundreds of bank accounts connected to Nazis, Senator Chuck Grassley (R-IA) announced. According to reports, 890 accounts have been discovered. Grassley said in his opening statement to the Senate Judiciary Committee that Credit Suisse “didn’t review and investigate all relevant records regarding its Nazi past and applied excessive scope restrictions to its review.” Some of the account…
Senator: 890 Credit Suisse Accounts Linked to Nazis Identified
WASHINGTON (VINnews) — An investigation has identified 890 accounts at Swiss bank Credit Suisse with potential links to the Nazi regime, U.S. Senator Chuck Grassley said ahead of a Judiciary Committee hearing Tuesday on banks’ facilitation of Holocaust-era activities. The accounts included previously undisclosed wartime holdings for the German Foreign Office, a German arms manufacturer, […]
A related investigation has revealed that over 800 Swiss bank accounts from World War II may be linked to Nazis.
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