US Senate Probes Credit Suisse Nazi Account Cover-Up

A US Senate panel investigation has revealed that Credit Suisse concealed information about Nazi-linked bank accounts during previous inquiries, notably those conducted in the 1990s. Newly discovered documents, including 3,600 physical files and 40,000 microfilms, indicate a strong connection to Nazi account holders, some managed by high-ranking SS officers. These findings emerged from an interim report by Neil Barofsky, an independent ombudsman who was initially fired by Credit Suisse but reinstated following the Senate's intervention. The bank, now under UBS's ownership, has shown increased cooperation, though Barofsky noted that not all information has been disclosed. The investigation's revelations suggest a deeper involvement of Credit Suisse in Nazi-era transactions than previously acknowledged, raising concerns about past cover-ups. This situation follows Credit Suisse's earlier participation in a $1.25 billion settlement for Holocaust survivors.