UBS said Thursday it had weighed giving the files to Neil Barofsky, who’s overseeing the probe into the Credit Suisse archives. Tuesday’s court decision means UBS can no longer risk handing over the documents to him, Switzerland’s biggest bank said. UBS bought its troubled former rival in 2023, inheriting a number of legal cases from Credit Suisse including this one. Any new claims related to Nazi-linked accounts could expose the bank to a potential multi-billion dollar potential liability. Judge Korman ruled on Tuesday that because there is no actual litigation before him in the long-running dispute between Credit Suisse and the SWC, he couldn’t issue an advisory opinion.

Source: Mint April 09, 2026 19:12 UTC