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UBS Accused of Hiding Documents on Nazi Ties

4/14/2026

Summary

Story summary

UBS faces accusations of withholding thousands of documents about Credit Suisse's Nazi ties, including assets of murdered Jews.
Ombudsman Neil Barofsky told Congress that about 23,000 documents remain redacted, complicating a $1.25 billion settlement with Holocaust victims.
Barofsky's review found 890 accounts linked to Adolf Hitler's war efforts.
Senate Judiciary Chairman Chuck Grassley expressed concern about UBS's transparency and progress; UBS says document production is limited by attorney-client privilege.

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Story summary

UBS faces accusations of withholding thousands of documents about Credit Suisse's Nazi ties, including assets of murdered Jews.
Ombudsman Neil Barofsky told Congress that about 23,000 documents remain redacted, complicating a $1.25 billion settlement with Holocaust victims.
Barofsky's review found 890 accounts linked to Adolf Hitler's war efforts.
Senate Judiciary Chairman Chuck Grassley expressed concern about UBS's transparency and progress; UBS says document production is limited by attorney-client privilege.