Credit Suisse hid Nazi bank accounts under ‘American blacklist' file to evade investigators: report
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Investigators have uncovered Nazi-linked bank accounts at Credit Suisse that were hidden under an 'American blacklist' file, evading previous investigations. These accounts were not disclosed during the 1990s probes, which resulted in a $1 billion restitution agreement with Holocaust survivors.
January 06, 2025 | 6:45 pm
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Credit Suisse is facing scrutiny after investigators found undisclosed Nazi-linked accounts hidden under an 'American blacklist' file. This could affect the bank's reputation and lead to legal challenges.
The discovery of undisclosed Nazi-linked accounts at Credit Suisse could lead to significant reputational damage and potential legal actions. This revelation may prompt further investigations and regulatory scrutiny, negatively impacting the bank's stock price in the short term.
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