Investigators looking into Credit Suisse’s connections to Nazi-era account holders uncovered new evidence that the bank failed to disclose during earlier probes, U.S. Senate Budget Committee leaders said Saturday.
Among the findings are several hundred alleged intermediaries who helped Nazis “hide gold, camouflage illicit transactions to purchase war materials, loot Jewish assets ... and generally support the Nazi war economy,” an independent ombudsman overseeing the review said in a letter to the panel.
The team found numerous client files stamped with the German phrase for “American black list,” a designation used by the World War II allies to flag “individuals and companies that were directly financed by, or were known to regularly trade with, Axis powers.” — Bloomberg News