Credit Suisse investigation reveals 890 Nazi regime accounts, Sen Grassley says

Investigations by Credit Suisse have uncovered hundreds of Nazi-linked accounts at the bank, Sen. Chuck Grassley, R-Iowa, announced Tuesday.

Multiple reports provided to Grassley have identified 890 accounts linked to the Nazi regime, including wartime accounts for the German Foreign Office, a German arms manufacturing company and the German Red Cross, Grassley told reporters Monday.

The new accounts are coming to light after UBS acquired Credit Suisse in a 2023 takeover. The bank then hired U.S. prosecutor Neil Barofsky to identify any Nazi-linked accounts.

Grassley and representatives of UBS will dig deeper into the findings during a Senate Judiciary hearing on connections between various Swiss banks and the Nazis later Tuesday morning.

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