The Swiss financial firm UBS faces persistent Senate questioning and the chance of new lawsuits over Nazi-era bank accounts.Senate Judiciary Committee Chairman Chuck Grassley (R-IA) and an independent investigator UBS hired are accusing the firm of repeated obstructionist behavior for withholding documents, a narrative UBS denies. An April court ruling in New York also left open the chance for litigation over Credit Suisse’s Nazi-linked accounts. Grassley now wants President Donald Trump’s officials involved in investigating.
“We remain committed to engaging constructively with the committee,” UBS told the Washington Examiner.“As part of its contribution to the search for historical truth, beginning in 2020, Credit Suisse — and, following its acquisition, UBS — have conducted a monumental voluntary investigation into Credit Suisse’s World War II-era conduct,” UBS said. “UBS has continued to support these efforts, as a testament to its unwavering commitment to finding the truth. The purpose of this voluntary review is to responsibly strengthen the historical record of this dark period in human history, with the aim that, through knowledge and reflection, the atrocities of Nazism are never repeated.”‘Thumbing its nose at the U.S. Congress’
