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UpInArms

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2. Archive link to the article
Tue Feb 3, 2026, 09:49 AM
Feb 3
https://archive.ph/lStYy

Feb 3 (Reuters) - An investigation has identified 890 accounts at Swiss lender Credit Suisse with potential Nazi links, U.S. Senator Chuck Grassley said ahead of a Judiciary Committee hearing on Tuesday on banks' facilitation of the Holocaust.

These included previously undisclosed wartime accounts for the German Foreign Office, a German arms manufacturing company, and the German Red Cross, added the lawmaker, who chairs the committee and has followed the investigation into Credit Suisse for years.

UBS, which acquired Credit Suisse in an emergency takeover in 2023, said last year it was working, opens new tab with former U.S. prosecutor Neil Barofsky to shed light on Nazi-linked accounts held at its former competitor.

Both UBS and Credit Suisse have apologised and reached a global settlement in 1999 that provided finality from claims and closure of controversy, the bank said in a pre-release of its testimony before the Senate Judiciary Committee, characterising the current investigation as a voluntary initiative.

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