fintech / news / / Swissinfo (EN)
A US judge has rejected an attempt by Swiss bank UBS to limit its liability over new findings on accounts linked to Nazi Germany.
A US judge rejected UBS's attempt to limit liability over new Nazi-linked account findings.
KEY POINTS
- The 1999 UBS-Credit Suisse settlement does not shield against lawsuits based on newly uncovered evidence.
- US Senate identified 890 previously unknown Credit Suisse accounts possibly linked to Nazi Germany, some open until 2020.
- Credit Suisse's ties to Nazi entities, including the SS and escape schemes to Argentina, are more extensive than thought.
- The legal question of new Holocaust-related lawsuits in the US remains unresolved after the judge's decision.
COMPANIES
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