Swiss lender Credit Suisse did not review all available records when it conducted an internal probe into the historical servicing of Nazi clients and Nazi-linked accounts, according to an investigation published by U.S. lawmakers on Thursday.
The bank failed to include numerous relevant records in its probe, according to details from an independent reviewer's report obtained and published by the Senate Budget Committee.
"Just under" 1,000 of 65,000 sets of records were available electronically for review, the report said.
The full report also revealed that the bank had blocked the former ombudsman overseeing the probe from seeing "critical" materials, the committee said in a statement.
"Out of respect for Holocaust victims and their families, we cannot turn a blind eye to these shortcomings," Republican Senator Chuck Grassley, the ranking member of the Senate Budget Committee, said in a statement.
Neil Barofsky, the former ombudsman, and AlixPartners, the consulting firm Credit Suisse hired to conduct the probe, did not respond immediately to a requests for comment. (more...)
US Senators say Credit Suisse did not review all records when probing Nazi-linked accounts
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