An investigation by a US Senate panel has found that troubled investment bank Credit Suisse concealed information during previous inquiries into Nazi-controlled bank accounts during the Second World War.
Tens of thousands of documents discovered during a continuing examination have provided new proof of the existence of account holders linked to the Nazis, the Senate Budget Committee said in a statement released on Saturday.
The bank did not reveal the existence of these accounts during previous investigations, notably in the 1990s, the committee said.
The Senate committee said on Saturday that one set of newly discovered files, including 3,600 physical documents and 40,000 microfilms, was found to have a “high relevance rate” of Nazi connections.
It said the revelations stem from an interim report by former prosecutor Neil Barofsky, who was fired as an “independent ombudsperson” by the bank in 2022 after being pressed to limit his investigative work.
Barofsky was reinstated in the role in 2023 “as a result of the Committee’s investigation”, and after UBS’ takeover of Credit Suisse.
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