https://en.sputniknews.africa/20250104/swiss-bank-credit-suisse-hid-deeper-ties-with-nazis-reports-say-1070037307.html
Swiss Bank Credit Suisse Hid Deeper Ties With Nazis, Reports Say
Swiss Bank Credit Suisse Hid Deeper Ties With Nazis, Reports Say
Sputnik Africa
MOSCOW (Sputnik) - The latest investigation into the bank Credit Suisse's ties to the Nazis is ongoing, with its participants studying and scanning thousands... 04.01.2025, Sputnik Africa
2025-01-04T18:14+0100
2025-01-04T18:14+0100
2025-01-04T18:14+0100
switzerland
bank
nazi germany
europe
international
investigation
atrocities
history
finance
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Swiss bank Credit Suisse hid its closer than previously believed ties to the Nazis by withholding information about Nazi-linked bank accounts and partially obstructing investigations, the Wall Street Journal reported on Saturday, citing documents reviewed from previously closed archives. In 2021, independent ombudsman Neil Barofsky launched a new investigation into the bank's ties to the Nazis, but was later dismissed by Credit Suisse because its management believed that he crossed the boundaries they wanted to set in the investigation. Barofsky was later reinstated and continued his work, which resulted in the first discovery of documents from dozens of individuals and entities linked to Nazi atrocities. Specifically, a preliminary search of 99 known Nazis and their associates yielded 13 matches. The new investigation found that Credit Suisse hid its role, not always sharing what it knew, the newspaper said. Two similar independent commissions convened in the 1990s concluded that Swiss bankers often neglected the theft of Jewish assets by the Nazis during the World War II and thwarted subsequent attempts of victims of Nazi persecution and their relatives to get their money back. Following the investigation in the 1990s, Credit Suisse and UBS agreed to pay $1.25 billion in compensation to Holocaust survivors and their descendants.
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switzerland, bank, nazi germany, europe, international, investigation, atrocities, history, finance
switzerland, bank, nazi germany, europe, international, investigation, atrocities, history, finance
Swiss Bank Credit Suisse Hid Deeper Ties With Nazis, Reports Say
MOSCOW (Sputnik) - The latest investigation into the bank Credit Suisse's ties to the Nazis is ongoing, with its participants studying and scanning thousands of boxes containing the bank's archival documents, a report said.
Swiss bank Credit Suisse hid its closer than previously believed ties to the
Nazis by withholding information about Nazi-linked bank accounts and partially obstructing investigations, the Wall Street Journal reported on Saturday, citing documents reviewed from previously closed archives.
In 2021, independent ombudsman Neil Barofsky launched a new investigation into the bank's ties to the Nazis, but was later dismissed by Credit Suisse because its management believed that he crossed the boundaries they wanted to set in the investigation.
Barofsky was later reinstated and continued his work, which resulted in the first discovery of documents from dozens of individuals and entities linked to
Nazi atrocities. Specifically, a preliminary search of 99 known Nazis and their associates yielded 13 matches.
The new investigation found that Credit Suisse hid its role, not always sharing what it knew, the newspaper said.
Two similar independent commissions convened in the 1990s concluded that Swiss bankers often neglected the theft of Jewish assets by the Nazis during the World War II and thwarted subsequent attempts of victims of Nazi persecution and their relatives to get their money back.
Following the investigation in the 1990s, Credit Suisse and UBS agreed to pay $1.25 billion in compensation to Holocaust survivors and their descendants.
