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Credit Suisse faulted over probe of Nazi-linked bank accounts

Credit Suisse faulted over probe of Nazi-linked bank accounts

CBSN
Wednesday, April 19, 2023 03:22:42 PM UTC

U.S. lawmakers have accused embattled Swiss bank Credit Suisse of limiting the scope of an internal investigation into Nazi clients and Nazi-linked bank accounts, including some that were open until just a few years ago.

The Senate Budget Committee says an independent ombudsman initially brought in by the bank to oversee the probe was "inexplicably terminated" as he carried out his work, and it faulted "incomplete" reports that were hindered by restrictions.

Credit Suisse said it was "fully cooperating" with the committee's inquiry but rejected some claims from the Simon Wiesenthal Center, a Los Angeles-based Jewish human rights group, that brought to light in 2020 allegations of possible Nazi-linked accounts at Switzerland's second-largest bank.

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