The Journal. The Nazi Ties to Credit Suisse
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Jan 15, 2025 
Margot Patrick, a WSJ reporter focusing on Swiss banking, unpacks her investigation into Credit Suisse's troubling historical ties to the Nazis. She reveals shocking new documents that expose the bank's deeper complicity than previously understood. The discussion highlights the ongoing struggles for justice faced by descendants of victims, the challenges posed by Swiss banking secrecy, and a recent investigation that unearthed nearly 100 active accounts linked to Nazi clients as recently as 2020. This provocative exploration sheds light on the importance of transparency in banking.
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1998 Settlement
- In 1998, UBS and Credit Suisse settled WWII-era Nazi ties claims for over $1 billion.
- This settlement involved descendants of Jewish account holders and numerous Jewish organizations.
Continued Investigations
- Despite the 1998 settlement, some organizations like the Simon Wiesenthal Center continued investigating Swiss banks' Nazi ties.
- Switzerland's strict bank secrecy laws hindered these investigations.
Borofsky's Report
- Despite being fired, Neil Borofsky completed his Credit Suisse investigation report.
- A US Senate committee obtained and publicized the report, revealing nearly 100 undisclosed Nazi-linked accounts.