The US Senate committee believes the bank knew this and withheld important documents from previous investigations.
The US Senate Investigative Committee charged Credit Suisse with hiding important information about Nazi accounts. This is confirmed by recently discovered documents, the Russian-language edition of the German tabloid Bild reported on Telegram on Monday, January 6.
Credit Suisse’s involvement with the Nazis is being investigated by former US Attorney Neil Barofsky.
“The investigation also uncovered the accounts of several hundred alleged Nazi intermediaries. These intermediaries helped the Nazis hide gold, conceal illegal agreements for the purchase of war materials , embezzling Jewish property… and generally supporting the Nazi war economy,” the report said. .
A Nazi banker and a German company that exploited the labor of concentration camp prisoners had accounts at Credit Suisse.
According to the US Senate committee, the bank knew this and withheld important documents during previous investigations, especially in the 1990s.
UBS, which took over from Credit Suisse in March 2023, told AFP it was committed to full transparency.
Credit Suisse, along with UBS and other Swiss companies, paid $1.25 billion in compensation to Holocaust victims in 1998.
As you know, UBS Group AG announced in May 2024 the completion of the acquisition of former competitor Credit Suisse Group AG.
Before that, in March 2023, it became known that the largest Swiss bank UBS is buying its competitor Credit Suisse for $3.24 billion.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.