Credit Suisse Reinstates Independent Overseer for Nazi-Account Probe
- Bank deletes criticism of Barofsky from April press release
- US Senate panel accused bank of impeding investigation
A Credit Suisse building in Lugano, Switzerland.
Photographer: Fabrice Coffrini/AFP/Getty ImagesCredit 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 Monday by the US Senate Budget Committee, which has been probing Credit Suisse’s handling of the internal investigation. The bank confirmed the decision Tuesday, taking the unusual step of amending a press release it issued in April to delete criticism of Barofsky’s work.