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Credit Suisse accused of hindering probe into Nazi accounts

By Myriam Balezou

19 Apr 2023 · 2 min read

Editor's Note

U.S. politicians claim that Credit Suisse impeded an investigation into its historical assistance to Nazis, Bloomberg reports. The probe uncovered a number of previously undisclosed accounts.

Credit Suisse Group AG was accused by US lawmakers of impeding an investigation into its historical assistance to Nazis that had revealed a number of previously undisclosed accounts.

The allegations relate to an internal probe started after the Simon Wiesenthal Center informed the lender in 2020 that it had new information about Nazi-linked accounts. While Credit Suisse agreed to investigate, the bank established an unnecessarily rigid and narrow scope, refused to follow new leads and removed the independent ombudsman overseeing it, according to a statement by the US Senate’s Budget Committee.

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