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UBS investigates undisclosed Nazi-linked accounts at Credit Suisse

  • A Senate Budget Committee investigation revealed that Credit Suisse had more Nazi-linked accounts than previously known and obscured this information in the past.
  • The investigation uncovered tens of thousands of documents showing extensive evidence of previously undisclosed Nazi-linked accounts at Credit Suisse, according to Committee Chairman Sheldon Whitehouse and Ranking Member Chuck Grassley.
  • Neil Barofsky, the independent ombudsman overseeing the investigation, identified accounts for several hundred alleged Nazi intermediaries and stated that Credit Suisse concealed information during past inquiries.
  • The Senate Committee aims to pursue justice for those wronged by Nazi atrocities, and Credit Suisse has shown newfound cooperation under UBS's leadership to set the historical record straight.
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Political Wire broke the news in New York, United States on Saturday, January 4, 2025.
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