Credit Suisse Accused of Concealing Information on Nazi-Linked Accounts – WSJ
An investigation has revealed that numerous individuals and organizations associated with Nazi atrocities had connections to Credit Suisse. Read Full Article at RT.com.
TroibNews 
A recent probe has revealed that numerous individuals and organizations linked to the Third Reich had connections to Credit Suisse, one of Switzerland's largest banks, the Wall Street Journal has reported.
According to the outlet, investigators have found that Credit Suisse concealed essential information regarding its associations with the Third Reich. This information comes from a continuing inquiry led by the US Senate Budget Committee.
Prior investigations during the 1990s into Credit Suisse and UBS did not fully reveal the extent of these banks' cooperation with the Nazis, the report indicated.
The current investigation has uncovered a collection of client files labeled 'American blacklist,' which refers to individuals and entities financing or trading with Nazis or their Axis partners, within Credit Suisse’s archives.
The Wall Street Journal reported having access to a letter sent to the US Senate in late December by Neil Barofsky, the head of the investigation and a partner at the law firm Jenner & Block, who is also a former US prosecutor.
In the letter, Barofsky disclosed that “the investigation has identified scores of individuals and legal entities connected to Nazi atrocities whose relationships with Credit Suisse had either been previously unidentified, or for which the relationship had been partially identified but the full nature of the bank’s involvement has not yet been reported publicly.”
Additionally, the inquiry revealed the existence of a previously unknown account managed by SS officers and a Swiss intermediary. The businesses utilizing this account supported the Third Reich’s economic initiatives, including confiscating properties from Jewish owners and profiting from forced labor at concentration camps, the report stated.
Barofsky noted indications that Credit Suisse had concealed its connections to the Nazis in previous investigations by not fully disclosing its knowledge. He emphasized that the bank typically provided only the information requested, rather than offering additional insights.
Barofsky’s team is continuing its investigation, with a final report anticipated in early 2026, according to the Wall Street Journal.
Previous audits conducted three decades ago resulted in the two banks agreeing to pay $1.25 billion in restitution to Holocaust victims who lost access to their Swiss accounts or were subjected to slave labor during World War II.
In 2023, UBS acquired Credit Suisse to avert its collapse.
Ramin Sohrabi for TROIB News
According to the outlet, investigators have found that Credit Suisse concealed essential information regarding its associations with the Third Reich. This information comes from a continuing inquiry led by the US Senate Budget Committee.
Prior investigations during the 1990s into Credit Suisse and UBS did not fully reveal the extent of these banks' cooperation with the Nazis, the report indicated.
The current investigation has uncovered a collection of client files labeled 'American blacklist,' which refers to individuals and entities financing or trading with Nazis or their Axis partners, within Credit Suisse’s archives.
The Wall Street Journal reported having access to a letter sent to the US Senate in late December by Neil Barofsky, the head of the investigation and a partner at the law firm Jenner & Block, who is also a former US prosecutor.
In the letter, Barofsky disclosed that “the investigation has identified scores of individuals and legal entities connected to Nazi atrocities whose relationships with Credit Suisse had either been previously unidentified, or for which the relationship had been partially identified but the full nature of the bank’s involvement has not yet been reported publicly.”
Additionally, the inquiry revealed the existence of a previously unknown account managed by SS officers and a Swiss intermediary. The businesses utilizing this account supported the Third Reich’s economic initiatives, including confiscating properties from Jewish owners and profiting from forced labor at concentration camps, the report stated.
Barofsky noted indications that Credit Suisse had concealed its connections to the Nazis in previous investigations by not fully disclosing its knowledge. He emphasized that the bank typically provided only the information requested, rather than offering additional insights.
Barofsky’s team is continuing its investigation, with a final report anticipated in early 2026, according to the Wall Street Journal.
Previous audits conducted three decades ago resulted in the two banks agreeing to pay $1.25 billion in restitution to Holocaust victims who lost access to their Swiss accounts or were subjected to slave labor during World War II.
In 2023, UBS acquired Credit Suisse to avert its collapse.
Ramin Sohrabi for TROIB News
