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Investigation Finds 890 Nazi-Linked Accounts at Credit Suisse
Senate probe uncovers 890 Nazi-linked accounts at Credit Suisse, including wartime groups and SS ties, sparking debate over reopening a 1999 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.
77 Articles
77 Articles
In the 90s, the two main Swiss banks had paid more than one billion dollars in compensation to Holocaust victims to settle the dispute over the funds held by survivors or descendants of the victims. But an investigation conducted by a United States Senate committee revealed that Credit Suisse had hidden relevant information during previous investigations into accounts that belonged to Nazis or collaborators of the Third Reich. Tens of thousands …
The Senate Judiciary Committee heard testimony about recently discovered links between the Nazis and a Swiss banking conglomerate, in the midst of an ongoing legal controversy over restitution to Holocaust victims.Read more
Jewish News Syndicate
J-WireInvestigation uncovers hundreds of Nazi-linked accounts at Credit Suisse
Investigation uncovers hundreds of Nazi-linked accounts at Credit Suisse. UBS executives told U.S. senators that the Swiss bank fears litigation from Jewish groups over Holocaust restitution claims as it refuses to release additional documents. The post Investigation uncovers hundreds of Nazi-linked accounts at Credit Suisse appeared first on Jerusalem World News.
High-ranking Nazis apparently held accounts in Swiss banks during and after World War II, which were subsequently acquired by UBS. UBS now intends to protect itself against financial claims.
Senators demand UBS release documents on Credit Suisse’s Nazi ties
Republican and Democratic senators urged senior UBS executives in a hearing on Tuesday to reconsider the Swiss banking giant’s continued refusal to hand over more than 150 documents to an investigator probing Credit Suisse’s support for Nazi Germany during and after World War II. At the heart of the dispute is UBS’s decision to withhold key documents from the investigation into Credit Suisse’s wartime actions, citing potential legal risks stemmi…
A hearing in the US Senate revealed the existence of hundreds of undeclared bank accounts linked to the Third Reich and the SS. Ubs reopens the archives: the reckoning of the 90s is back in question
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