Credit Suisse blocked release of its Nazi-linked accounts, says bipartisan committee

Officials on the Senate Budget Committee say they have exposed new details that show an insufficient internal investigation by Credit Suisse’s into its servicing of Nazi clients.

The Budget Committee subpoenaed records, which it released in April 2023, that it says brought to light new evidence that Credit Suisse’s probe into its own historical Nazi ties was hampered by narrowed restrictions and resulted in incomplete findings. Even so, the records revealed that Credit Suisse, now part of UBS Group AG, maintained nearly 100 previously undisclosed Nazi-linked accounts—some of which remained open until as recently as 2020—among other Nazi connections.  

Because of alleged obstruction by Credit Suisse, the Budget Committee says the previously-released records were partially redacted. The Committee requested the full, unredacted investigative report. The Bank finally complied following a letter from Sens. Chuck Grassley (R-Iowa) and Chairman Sheldon Whitehouse (D-R.I.).

The following is information from the Committee.


The complete report, released today by the Budget Committee, bears out evidence that 64,000 sets of potentially relevant records related to Nazi-linked accounts are not part of Credit Suisse’s ongoing investigation. Furthermore, the unredacted portions reveal Credit Suisse inexplicably blocked former Independent Ombudsperson Neil Barofsky from accessing materials critical to the investigation, thereby obstructing his ability to fulfill his contractual obligation to oversee AlixPartners’ forensic review, prior to his sudden termination. Credit Suisse also blocked an historian hired to assist the investigation from similar access.

Next Steps

Because of the Budget Committee’s investigation, Credit Suisse has agreed to review its potential support for Nazis fleeing justice following World War II via so-called “Ratlines.”  However, even after repeated requests from the committee, the bank has failed to fully explain the exact scope of its ongoing investigation.  Credit Suisse has stated that its independent investigative report and the corresponding oversight report by its newly appointed Ombudsperson will be completed by September 30,2023. The committee will continue its bipartisan oversight until a thorough and complete investigation is conducted.

“When credible and serious allegations were brought to the Budget Committee regarding lingering Nazi ties at Credit Suisse, we made a bipartisan commitment to pursue justice and fully investigate this serious matter. The Senate Budget Committee continues to make good on that promise.

Our oversight has pulled back the curtain on decades of inaction and wrongdoing by Credit Suisse and raised concerns about the bank’s integrity in conducting its internal review. Out of respect for Holocaust victims and their families, we cannot turn a blind eye to these shortcomings. We’ll continue pushing for a full and complete investigation at Credit Suisse until all questions related to these Nazi-linked accounts are resolved.”

Sen. Chuck Grassley, (R-Iowa) Ranking Member of the Senate Budget Committee

“As we said when we first launched this investigation, when presented with credible—and previously undisclosed—evidence of Credit Suisse’s historical servicing of Nazi clients and their enablers, the Committee had an obligation to investigate.

In our pursuit of transparency, accountability, and justice, we are leaving no stone unturned.  Our inquiry has already brought to light new details about the quality of Credit Suisse’s internal investigation and prompted the bank to take additional action, underscoring the importance of seeing this bipartisan investigation through.  Survivors of the Holocaust and their families deserve nothing less.”

Senator Sheldon Whitehouse, (D-Rhode Island) Chairman of the Senate Budget Committee 


In April 2023, the Senate Budget Committee released Mr. Barofsky’s 205-page report, titled “Report of the Independent Ombudsperson and Independent Advisor to Credit Suisse,” and the independent forensic firm’s report, titled “Independent investigation of specific topics and questions raised by the SWC related to the Second World War era.” The release of those two reports followed months-long bipartisan investigative work by the committee.  

In March of 2020, the Simon Wiesenthal Center (SWC) notified Credit Suisse that it had credible information the bank held potential Nazi-linked accounts that had not previously been disclosed, including during the many Holocaust-related investigations of the 1990s.

As a result, the bank voluntarily agreed to investigate. It retained forensic research firm AlixPartners Ltd to conduct the review, and, with SWC’s support, subsequently retained Neil Barofsky of Jenner & Block LLP in June 2021 to oversee AlixPartners’s review and serve as Independent Ombudsperson.

In February 2023, Ranking Member Grassley received credible allegations of potential wrongdoing related to Credit Suisse’s internal investigation, including specifically the questionable removal of Mr. Barofsky in late 2022.

Ranking Member Grassley also learned that, consistent with his contract with Credit Suisse, Mr. Barofsky had drafted a report of his findings for the bank, but it had not been released.

Ranking Member Grassley approached Chairman Whitehouse, and they agreed that pursuing the allegations was in the public interest.

Accordingly, with the committee’s full bipartisan support, Chairman Whitehouse and Ranking Member Grassley issued the Budget Committee’s first subpoena since 1991 to compel Mr. Barofsky to produce his report.

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4 thoughts on “Credit Suisse blocked release of its Nazi-linked accounts, says bipartisan committee”

  1. How refreshing that we can still find bipartisan action by our politicians. The Swiss are no doubt trying to run out the clock on this.

  2. Wasn’t there some sort of financial reparations program or decree for Jewish victims years ago?
    In any event, an important Bankster detail has to do with the creation of the BIS and the fact that Davos remains neutral as a money laundering conduit for all the central banks in the world. The following comes from Javier Milei who is running for president in Argentina:
    “Central banks are divided in four categories: the bad ones, like the Federal Reserve, the very bad ones, like the ones in Latin America, the horribly bad ones, and the Central Bank of Argentina,” Milei said.
    In the wide-ranging Bloomberg interview, Milei also criticized China and Latin America leftist leaders he considers “socialists,” said he would seek to leave the Mercosur trade bloc and would quickly move to deregulate commodity markets.-RTT {an interesting story re money and power(Vatican and Mafia)…

    1. Riki Tiki Tavi,

      . . . and everyone avoids
      the apparent/obvious/
      LEFT/Libertine world :

      While Nazis are a problem,
      it is the B O L S H E V I K S
      driving one-world, Global
      Economic Socialism ( my
      term, from the mid-80s
      forward, but conservatives
      aren’t bright folks ) :

      “ ARSON! It is everywhere. It has been announced the Louisiana fires are all ARSON. The fire in Russia was – Arson. Who is hiring these people? According to a 2019 declaration by the Brazilian police, the Amazon jungle arsonists were paid by World Wildlife Fund and Leo DiCaprio. Teen arsonist in Oregon fined $36 million. Illinois fires caused by arson finds Ryan Greene responsible. Calabria fires in 2022 – 22 arsonists were arrested. Former Bank VP admits to arson. California man set 11 fires in national forest.

      “Young people account for 55% of all arsons. They are paid. While organized arson has been a plague for centuries, Aristocrats hired the itinerant to spread terror. According to a journal, Crime History & Societies; . . . “ -Helena Glass

      Above paragraphs found here :


  3. This article and the pursuit of accountability and justice, ? Hey Sharyl you remember those past posts of me complaining about my Android phone problems Rogue activities ? I found the scandals = Just now filed complaint, just now with the F.T.C. filed report Case number # 163725285 = Turns out 3rd party trackers was violating device O.S. and installed App’s privacy and security settings, taking upon themselves to run a malicious social media police state = illegal searches and background seizes of app’s privacy settings… ” The FTC ( Federal Trade Commission ) ” Go get those bad actors ? Facebook and google 3rd party trackers…”The Federal trade Commission just needs to Raid there offices to check out there malicious past violation activities.. I never had a Facebook account or app’s installed on my phone device ???

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