UBS Faces New Pressure on Nazi Accounts From Senate Panel (1)

The chairman of the US Senate Judiciary Committee criticized UBS Group AG for not doing enough to investigate new leads into Credit Suisse’s involvement with Nazi accounts, adding to pressure on the Swiss bank over the sensitive issue.

The lender’s actions withholding related documents from investigators “call into question UBS’s candor to the committee and its commitment to a thorough investigation,” Chuck Grassley, Republican of Iowa, said in a statement.

He cited a new report to the committee from Neil Barofsky, the ombudsman hired by Credit Suisse to oversee the probe, that charged the bank with blocking ...