UBS Withholds 22,000 Pages in Nazi Account Probe, Senate Is Told

UBS Group AG is withholding more than 22,000 pages of documents from an independent probe into Credit Suisse’s handling of Nazi-linked accounts because the bank says they are legally privileged, the lawyer overseeing the investigation has told a US Senate committee.

UBS has further limited the scope of the probe and is reviewing an additional 388,000 pages for potential redaction, ombudsman Neil Barofsky wrote in a May 1 letter to the Senate Judiciary Committee, which is providing oversight of his investigation and published Barofsky’s letter on its website.

The figures give a fuller sense of how much documentation ...