Credit Suisse reinstated Neil Barofsky as an independent ombudsperson to oversee the Swiss bank’s review into its history of servicing Nazi-linked accounts.
The decision was announced on Monday by the US Senate Budget Committee, which has been probing Credit Suisse’s handling of the internal investigation.
“A clear-eyed and historically complete evaluation of Credit Suisse’s servicing of Nazi-linked accounts demands painful facts to be met head on, not swept aside,” Senator Chuck Grassley of Iowa and Senator Sheldon Whitehouse of Rhode Island said in a statement. “At our insistence, Credit Suisse has agreed to dig deeper into its own history, and Mr. Barofsky will again oversee this review.” ...