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Credit Suisse pressed by US senators over Nazi accounts problem

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Credit Suisse pressed by US senators over Nazi accounts problem

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Latest World News: Credit Suisse pressed by US senators over Nazi accounts problem

Top US senators have accused Credit Suisse Group AG of failing to keep its promises to cooperate in an investigation into allegations that the bank concealed information about accounts held by Nazis in the decades following World War II.

Top US senators have accused Credit Suisse Group AG of failing to keep its promises to cooperate in an investigation into allegations that the bank concealed information about accounts held by Nazis in the decades following World War II.

Sheldon Whitehouse, the Democratic chairman of the Senate Budget Committee, and Charles Grassley, the Republican-ranked panels, said in a letter dated July 20 that the Swiss banks’ public assertion that they are fully cooperating is a severe test of credulity.”

Sheldon Whitehouse, the Democratic chairman of the Senate Budget Committee, and Charles Grassley, the Republican-ranked panels, said in a letter dated July 20 that the Swiss banks’ public assertion that they are fully cooperating is a severe test of credulity.”

Lawmakers have asked Credit Suisse and UBS Group AG, which acquired the rival bank this year, to provide more information about its investigations into Nazi-held accounts at the bank after the war, setting August 2 as the deadline for providing the information it withheld.

Lawmakers have asked Credit Suisse and UBS Group AG, which acquired the rival bank this year, to provide more information about its investigations into Nazi-held accounts at the bank after the war, setting August 2 as the deadline for providing the information it withheld.

The senators said they fully expect UBS, as successor interest to Credit Suisse, to honor its predecessor’s commitments and ensure that this investigation is full and complete.”

The senators said they fully expect UBS, as a successor interest to Credit Suisse, to honor its predecessor’s commitments and ensure that this investigation is full and complete.”

A Credit Suisse representative declined to comment. UBS had no immediate comment.

A Credit Suisse representative declined to comment. UBS had no immediate comment.

The move highlights continued US pressure on Credit Suisse over its alleged ties to Nazi clients. In April, the Senate panel accused the bank of obstructing an investigation into its historical assistance to the Nazis. That investigation uncovered a number of undisclosed accounts, but lawmakers accused Credit Suisse of not following up on new leads and removing the independent ombudsman who oversaw it.

The move highlights continued US pressure on Credit Suisse over its alleged ties to Nazi clients. In April, the Senate panel accused the bank of obstructing an investigation into its historical assistance to the Nazis. That investigation uncovered a number of undisclosed accounts, but lawmakers accused Credit Suisse of not following up on new leads and removing the independent ombudsman who oversaw it.

Despite Credit Suisse’s commitments, our staff have received few updates despite requests for additional information,” according to the letter from the Budget Committee.

Despite Credit Suisse’s commitments, our staff have received few updates despite requests for additional information,” according to the letter from the Budget Committee.

In 1998, Swiss firms led by Credit Suisse and UBS reached a $1.25 billion settlement with Jewish groups that accused them of holding the assets of Holocaust victims. The deal came after US local governments threatened to boycott banks and divest Swiss investments.

In 1998, Swiss firms led by Credit Suisse and UBS reached a $1.25 billion settlement with Jewish groups that accused them of holding the assets of Holocaust victims. The deal came after US local governments threatened to boycott banks and divest Swiss investments.

In April, Credit Suisse said its investigation into the matter did not support key claims about Nazi-linked accounts made by the Simon Wiesenthal Center in 2020 and that a report prepared by the ombudsman, Neil Barofsky, contained numerous factual errors “and other flaws.

In April, Credit Suisse said its investigation into the matter did not support key claims about Nazi-linked accounts made by the Simon Wiesenthal Center in 2020 and that a report prepared by the ombudsman, Neil Barofsky, contained numerous factual errors “and other flaws.

This story was published from a news feed with no text edits.

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Sports and Cultural Milestones:
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In conclusion, the year 2023 was a dynamic period filled with significant events that shaped the course of history. From political unrest to technological advancements and environmental challenges, the world witnessed the complexities of the global landscape. While obstacles remained, there were also encouraging developments and collaborative efforts towards a more sustainable, peaceful, and prosperous future for all nations. As we move forward, the lessons learned from these events serve as a reminder of the importance of collective action and cooperation to address shared global challenges.