US Senate Pushes UBS For New Details On Nazi-Linked Accounts

(MENAFN- Swissinfo) UBS is coming under renewed United States pressure over Credit Suisse's handling of Nazi-linked accounts. Select your language

Generated with artificial intelligence. Listening: US Senate pushes UBS for new details on Nazi-linked accounts This content was published on September 3, 2026 - 10:24 4 minutes Bloomberg

The Senate Judiciary Committee is demanding new responses from the Swiss lender's management to dozens of questions as part of its investigation.

UBS's previous responses“did not fully address this Committee's questions,” Senator Charles Grassley said in a July 17 letter to the bank. UBS declined to comment on Senator Grassley's letter, which hasn't previously been disclosed. The bank is currently working on a response, according to a person familiar with its planning.

+Read more about the Holocaust assets controversy

The back-and-forth is the latest flashpoint in a tense year between the bank and the committee, which has called on UBS to ensure a complete and transparent investigation of the handling of Nazi-linked accounts by Credit Suisse. UBS bought its troubled rival out of near collapse in 2023, acquiring all its legal liabilities in the process.

Senators criticised UBS at a hearing in February, but the bank has pushed to end a six-year-old probe at the end of this year and limit its scope, criticising the independent ombudsman overseeing it as biased.

The bank has argued that a settlement reached with Jewish groups in the 1990s under which it paid $1.25 billion to Holocaust victims covers all potential exposure from its ties to its handling of Nazi-related accounts, saying the current probe is purely aimed at completing the historical record.

More More US court rules UBS cannot limit liability over Nazi-linked accounts

This content was published on Apr 8, 2026 A US judge has rejected an attempt by Swiss bank UBS to limit its liability over new findings on accounts linked to Nazi Germany.

Read more: US court rules UBS cannot limit liability over Nazi-linked acc

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