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U.S. senators on Feb. 3-4 pressed UBS and investigator Neil Barofsky over newly identified wartime holdings at Credit Suisse, after an internal review found 890 accounts with potential links to Nazi-era institutions.
Senator Chuck Grassley said the accounts include previously undisclosed wartime holdings tied to the German Foreign Office, a German arms manufacturer and the German Red Cross, and that Credit Suisse’s relationships with the SS were more extensive than known — including an account for the SS’s economic arm.
Barofsky told the Senate Judiciary Committee that roughly 150 documents central to the probe are being withheld by UBS, which says some materials are protected by attorney‑client privilege and faces threats of litigation from groups including the Simon Wiesenthal Center.
UBS, which acquired Credit Suisse in 2023 and reappointed Barofsky, says it has cooperated extensively and that a 1998/1999 global settlement provided finality to earlier claims.
Senate aides said the forensic review is due to wrap by early summer with a final report expected by year‑end, while advocacy groups and victims’ representatives press for full archive access and possible additional restitution.
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Reddit r/worldnewsCredit Suisse Nazi probe reveals fresh SS ties, senator says
France 24 - International breaking news, top stories and headlinesUBS grilled on Capitol Hill over Nazi-era probe
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Recent headlines are a continuation of earlier, documented investigations (Bergier, Volcker, Suisse Secrets, 1999 settlement). Commenters also caution against framing Swiss postwar prosperity as solely the result of Nazi-era banking links — the country was already affluent, so the issue is complex rather than novel.




















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