Overview
- Sen. Chuck Grassley disclosed an interim finding of 890 potential Nazi-linked accounts at Credit Suisse, including wartime accounts for the German Foreign Office, a German arms manufacturer, the German Red Cross, and the SS’s economic arm.
- Independent ombudsperson Neil Barofsky testified that he was fired in 2022 after resisting pressure to suppress findings and said the withheld cache touches safe-deposit boxes, looted art, coerced asset seizures, and Nazi-era gold.
- UBS executives said they have produced more than 16.5 million documents and spent hundreds of millions on the review, but are withholding fewer than 150 items while seeking Judge Edward Korman’s clarification of the 1999 global settlement.
- Senators from both parties pressed UBS to turn over the files and criticized the bank’s court request that advocacy groups say would curb speech, as the judge set a March 12 hearing on the clarification bid.
- Investigators cited Argentine records indicating Credit Suisse facilitated postwar escape “ratlines,” and Senate aides said the probe targets completion by early summer with a public report by year-end.