Credit Suisse accused of impeding probe into Nazi-linked accounts.

1 min read
Source: The Associated Press
Credit Suisse accused of impeding probe into Nazi-linked accounts.
Photo: The Associated Press
TL;DR Summary

Credit Suisse has been accused by US lawmakers of limiting the scope of an internal investigation into Nazi clients and Nazi-linked accounts, including some that were open until just a few years ago. Despite the hurdles, reports from the ombudsman and a forensic research team revealed at least 99 accounts credibly tied to senior Nazi officials in Germany or members of Nazi-affiliated groups in Argentina, most of which were not previously disclosed. The latest findings come as problems have boiled over for Credit Suisse, a pillar of Swiss banking whose origins date to 1856, culminating in a government-orchestrated takeover by rival lender UBS.

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