Trump admin urged to probe Swiss bank UBS for its Nazi-linked accounts: ‘Historic shame’
The Trump administration is facing calls to investigate Swiss bank UBS for its connections to Nazi-era accounts. Senator Chuck Grassley has criticized UBS for allegedly obstructing inquiries into its historical ties to the Nazi regime, which included looting Jewish assets. Grassley emphasizes the need for accountability and justice for Holocaust victims and their families.
- ▪Senator Chuck Grassley urged the Trump administration to investigate UBS for obstructing inquiries into its Nazi-linked accounts.
- ▪Grassley described UBS's conduct as a 'historic shame' and highlighted the unresolved issues surrounding Swiss banks and Holocaust-related assets.
- ▪UBS acquired Credit Suisse in 2023, which had previously reached a settlement over the forced transfer of Jewish assets to Nazi-affiliated accounts.
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Politics exclusive Trump admin urged to probe Swiss bank UBS for its Nazi-linked accounts: ‘Historic shame’ By Josh Christenson Published May 26, 2026, 11:26 a.m. ET See more of our coverage in your search results. Add The New York Post on Google WASHINGTON — The Trump administration is being urged to investigate Swiss bank UBS for “obstructing” congressional efforts to uncover its “deep” ties to the Nazi regime through accounts that looted Jewish assets and helped SS officers flee to Argentina following the Second World War. Sen. Chuck Grassley (R-Iowa) penned a letter last Tuesday to a State Department official tasked with combating anti-semitism, calling the bank’s conduct “a historic shame” and requesting assistance in furthering his own investigation of UBS’s alleged obstruction.
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