Credit Suisse Accused of Obstructing Investigation into Nazi-Linked Accounts

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Source: The New York Times
Credit Suisse Accused of Obstructing Investigation into Nazi-Linked Accounts
Photo: The New York Times
TL;DR Summary

Credit Suisse is facing accusations that it has not been fully forthcoming about the scope of its historical assistance to Nazis, a quarter-century after it agreed to take part in a $1.25 billion settlement of lawsuits by Holocaust survivors. The Senate Budget Committee opened an investigation after Credit Suisse fired a lawyer it had hired to oversee an independent inquiry hunting for accounts linked to Nazis who went to Argentina. The dispute shows that, eight decades after World War II, the understanding of how Swiss banks provided financial assistance to Nazis is still incomplete.

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