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UBS investigates undisclosed Nazi-linked accounts at Credit Suisse

Swiss bank UBS is investigating undisclosed Nazi-linked accounts at Credit Suisse, following a report that some accounts had not been disclosed in earlier investigations. UBS is working with an independent ombudsman to shed light on the issue and address the legacy of Nazi-linked accounts held at predecessor banks of Credit Suisse. The ombudsman's probe uncovered client files marked 'American blacklist' and revealed signs of a cover-up during past reviews. A final report is expected to be issued by early 2026.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14250257/UBS-investigates-undisclosed-Nazi-linked-accounts-Credit-Suisse.html
Source Id: 2025-01-593454360

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