(Feb 3): An investigation has identified 890 accounts at Swiss lender Credit Suisse with potential Nazi links, US Senator Chuck Grassley said ahead of a Judiciary Committee hearing on Tuesday on banks' facilitation of the Holocaust. These included previously undisclosed wartime accounts for the German Foreign Office, a German arms manufacturing company, and the German Red Cross, added the lawmaker, who chairs the committee and has followed the investigation into Credit Suisse for years. UBS, which acquired Credit Suisse in an emergency takeover in 2023, said last year it was working with former US prosecutor Neil Barofsky to shed light on Nazi-linked accounts held at its former competitor. When taking over Credit Suisse, UBS fully committed to getting the investigation back on track and has since taken extensive steps to facilitate Barofsky's review, Karofsky said. The investigation is set to conclude by early summer, according to Senate Judiciary Committee aides, and a final report expected at the end of the year.

Source: The Edge Markets February 03, 2026 12:11 UTC