Credit Suisse Investigation Reveals Long-Hidden Nazi-Linked Accounts

New findings from U.S. Senate and independent investigations uncover decades of concealed Nazi-era bank accounts and ties to Holocaust atrocities.

Investigations revealed Credit Suisse concealed Nazi-linked accounts, including some used for looted Jewish assets and forced labor profits, under a secret 'American blacklist' file.
Neil Barofsky, an independent investigator hired by Credit Suisse in 2021, uncovered thousands of previously undisclosed documents before being dismissed by the bank in 2022.
The U.S. Senate Budget Committee compelled the release of Barofsky's findings, which identified over 64,000 relevant records and significant connections to Nazi atrocities.
Barofsky was reinstated in 2023 after UBS acquired Credit Suisse, with ongoing investigations uncovering accounts tied to Nazi fugitives and entities aiding post-war escapes via 'ratlines.'
UBS and Credit Suisse have pledged full cooperation in the probe, which builds on unresolved claims from a 1998 $1.25 billion restitution settlement with Holocaust survivors.