U.S. lawmakers have accused controversy-ridden Swiss lender Credit Suisse of holding up an investigation into its history with Nazi-linked accounts.
U.S. lawmakers have accused controversy-ridden Swiss lender Credit Suisse of holding up an investigation into its history with Nazi-linked accounts and that the bank held onto Nazi-affiliated accounts well into the 21st century.
The accusations come from an internal investigation sparked by the Simon Wiesenthal Center in 2020, which said it had new information on almost 100 previously undisclosed Nazi-linked accounts. Barofsky’s report was only obtained by the committee after issuing a subpoena. The findings, which were conducted by forensic research firm AlixPartners, show that Credit Suisse appeared to have maintained the accounts of at least 99 people who were either senior Nazi officials in Germany or members of Nazi-affiliated groups in Argentina. The report says 70 accounts were opened with the bank after 1945 and at least 14 of those were still open, some as recently as 2020.
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