Credit Suisse Reinstates Barofsky to Review Nazi Accounts (2)

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 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.

“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 ...