A US Senate panel investigation has uncovered evidence that Credit Suisse concealed information about Nazi-controlled bank accounts during previous inquiries. Thousands of recently discovered documents reveal accounts linked to high-ranking Nazi officials, raising questions about the bank's transparency regarding its past dealings with the regime.
An investigation by a US Senate panel has found that troubled investment bank Credit Suisse concealed information during previous inquiries into Nazi-controlled bank accounts during World War II. Tens of thousands of documents discovered during an ongoing examination have provided new proof of the existence of account holders linked to the Nazis, the Senate Budget Committee said in a statement released Saturday.
The bank did not reveal the existence of these accounts during previous investigations, notably in the 1990s, the committee said. Credit Suisse, now a subsidiary of investment bank UBS, agreed in 1998 to take part in a $1.25 billion settlement of lawsuits brought by Holocaust survivors, but it has been accused of not being completely open about its past dealings with Nazis. The Senate committee said Saturday that one set of newly discovered files, including 3,600 physical documents and 40,000 microfilms, was found to have a “high relevance rate” of Nazi connections. It said the revelations stem from an interim report by former prosecutor Neil Barofsky, who was fired as an “independent ombudsperson” by the bank in 2022 after being pressed to limit his investigative work. Barofsky was reinstated in the role in 2023 “as a result of the Committee’s investigation,” and after UBS’s takeover of Credit Suisse. In a letter to the panel released Saturday, Barofsky noted the “extraordinary level of cooperation that Credit Suisse, under the leadership of UBS, has provided” since he rejoined the company.The Barofsky team has discovered, among other things, accounts controlled by high-ranking SS officers, the Wall Street Journal reported. In his letter, Barofsky highlighted “especially noteworthy” discoveries from a Credit Suisse research departmen
CREDIT SUISSE NAZI BANK ACCOUNTS INVESTIGATION HOLOCAUST
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