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UBS Refuses Key Documents in Credit Suisse Nazi Probe

4/10/2026

Summary

Story summary

UBS Group has refused to provide privileged documents for a probe into Credit Suisse's Nazi-linked accounts.
The refusal cites a court ruling that bars shielding from future lawsuits.
The decision follows UBS's 2023 acquisition of Credit Suisse, creating potential multi-billion-dollar liabilities.
Judge Edward Korman criticized UBS for asserting a case without filing a lawsuit.
Mr. Neil Barofsky oversees the investigation and says the records are crucial to completing it.

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Story summary

UBS Group has refused to provide privileged documents for a probe into Credit Suisse's Nazi-linked accounts.
The refusal cites a court ruling that bars shielding from future lawsuits.
The decision follows UBS's 2023 acquisition of Credit Suisse, creating potential multi-billion-dollar liabilities.
Judge Edward Korman criticized UBS for asserting a case without filing a lawsuit.
Mr. Neil Barofsky oversees the investigation and says the records are crucial to completing it.