Financial services and investment banking behemoth Credit Suisse kept accounts connected to Nazis up until the year 2020.
According to a statement by Sen. Chuck Grassley (R-Iowa), chairman of the Senate Budget Committee, “Credit Suisse’s internal investigation into its historical Nazi ties was hampered by scoping restrictions and resulted in incomplete findings.”
After “persistent and bipartisan oversight by the Senate Budget Committee,” which included a letter from Grassley and the committee’s chair, Sen. Sheldon Whitehouse (D-RI), the committee at last obtained an unredacted report from Credit Suisse.
The article states that “Credit Suisse’s ongoing investigation does not include 64,000 sets of potentially relevant records related to accounts linked to the Nazis.” Credit Suisse has committed to evaluate its potential support for Nazis trying to evade justice after World War II using so-called “Ratlines,” according to the announcement.
The bank, however, “has failed to fully explain the exact scope of its ongoing investigation, despite repeated requests from the committee.” We cannot ignore these flaws out of respect for Holocaust victims and their families, said Grassley.
“Until all issues pertaining to these Nazi-linked accounts are resolved, we will continue to push for a thorough and exhaustive investigation at Credit Suisse.”
We are doing everything we can to achieve transparency, accountability, and justice, Whitehouse continued. “Our investigation has already revealed fresh information regarding the caliber of Credit Suisse’s internal probe and caused the bank to take additional steps, highlighting the significance of taking this bipartisan investigation through to completion.
Holocaust survivors and their families should receive nothing less. In June, Credit Suisse was purchased by UBS, another big Swiss bank.
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