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, obscuring information in the past.
- The investigation, led by Sheldon Whitehouse and Chuck Grassley, uncovered extensive documentation of previously undisclosed Nazi-linked accounts.
- Neil Barofsky, the independent ombudsman, found significant discoveries, including accounts for alleged Nazi intermediaries involved in illicit activities.
- UBS, which acquired Credit Suisse, has committed to a thorough review of the bank's historical ties to Nazism and reinstated Barofsky to continue the investigation.
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