Overview
- Sen. Chuck Grassley said investigators have identified 890 potential Nazi-linked accounts, including wartime holdings for the German Foreign Office, a German arms maker, the German Red Cross, and an account tied to the SS’s economic arm.
- Independent monitor Neil Barofsky testified he was fired in 2022 after resisting efforts to suppress findings, later reinstated following UBS’s 2023 takeover of Credit Suisse.
- Barofsky and senators said roughly 150 or more key documents are being withheld, while UBS seeks a court order clarifying and reaffirming the breadth of the 1999 $1.25 billion settlement.
- Evidence presented includes records that Credit Suisse leased a Swiss building used by Argentine agents to coordinate postwar “ratline” escapes, aided by newly opened Argentine archives.
- Committee aides said the review is slated to conclude by early summer with a final report expected by year-end, and lawmakers discussed creating a public repository for the historical record; Grassley noted some accounts stayed open into the 1990s and one as late as 2020.