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Top related persons:
Tyrone Siu - 1 “ - 1 Chuck Grassley - 1 Neil Barofsky - 1 Simon Wiesenthal - 1
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ZURICH Hong Kong China
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Credit Suisse - 1 Nazi - 1 U.S - 1 REUTERS - 1 Senate - 1 Simon - 1 Simon Wiesenthal Center - 1 Bloomberg - 1

Search resuls for: "Neil Barofsky"


5 mentions found


☆ US Senators say Credit Suisse did not review all records when probing Nazi-linked accounts
  + stars: | 2023-08-17 | by ( Chris Prentice | Brenna Hughes Neghaiwi | ) www.reuters.com   time to read: +2 min
NEW YORK/ZURICH (Reuters) - Swiss lender Credit Suisse did not review all available records when it conducted an internal probe into the historical servicing of Nazi clients and Nazi-linked accounts, according to an investigation published by U.S. lawmakers on Thursday. The logo of Credit Suisse is seen outside its office building in Hong Kong, China, August 8, 2023. “Just under” 1,000 of 65,000 sets of records were available electronically for review, the report said. Neil Barofsky, the former ombudsman, and AlixPartners, the consulting firm Credit Suisse hired to conduct the probe, did not respond immediately to a requests for comment. A spokesperson for Credit Suisse referred Reuters to its April statement defending its review and raising concerns over the ombudsman’s work.
Persons: Tyrone Siu, “, Chuck Grassley, Neil Barofsky, Simon Wiesenthal Organizations: Credit Suisse, Nazi, U.S, REUTERS, Senate, Reuters, Simon, Simon Wiesenthal Center, Bloomberg Locations: ZURICH, Hong Kong, China
☆ Premarket stocks: The earnings recession is here. There could be worse to come
  + stars: | 2023-04-19 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
New York CNN —Earnings reports are coming thick and fast, showing how companies fared in the first few months of the year. But even as earnings are forecast to slump to their lowest level in three years, investors fear the worst is yet to come. This left significant gaps in the forensic search for Nazi-linked records, the Senate Committee stated. AlixPartners, according to the Senate committee, has indicated it will conduct a “supplementary review” of Credit Suisse’s connections to ratlines amongst other allegations. Credit Suisse is Switzerland’s second-largest bank by assets and has spent the past few years plagued by scandals and large losses.
☆ Credit Suisse limited investigations into Nazi-linked accounts, Senate Committee alleges
  + stars: | 2023-04-18 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +4 min
This left significant gaps in the forensic search for Nazi-linked records, the Senate Committee stated. The bipartisan Senate investigation follows a March 2020 report by the Simon Wiesenthal Center (SWC) that linked Credit Suisse accounts to a list of 12,000 Nazis in Argentina. Credit Suisse has thus far failed to meet that standard,” said Sen. Grassley in a statement. AlixPartners, according to the Senate committee, has indicated it will conduct a “supplementary review” of Credit Suisse’s connections to ratlines amongst other allegations. Credit Suisse is Switzerland’s second-largest bank by assets and has spent the past few years plagued by scandals and large losses.
☆ Credit Suisse hampered internal probe into Nazi-linked accounts, U.S. senators say
  + stars: | 2023-04-18 | by ( Chris Prentice | ) www.reuters.com   time to read: +2 min
NEW YORK, April 18 (Reuters) - A committee of U.S. lawmakers on Tuesday said troubled Swiss bank Credit Suisse Group (CSGN.S) hampered a multiyear investigation into the servicing of Nazi clients and Nazi-linked accounts. Credit Suisse commissioned an investigation into allegations levied by a human rights organization that the bank held potential Nazi-linked accounts and failed to disclose them, even during Holocaust-related probes decades earlier. Credit Suisse defended its internal review in a statement, saying that the probe turned up no evidence to support key claims from the Simon Wiesenthal Center that dormant accounts serviced by Credit Suisse held assets from Holocaust victims. A representative for AlixPartners, the consulting firm Credit Suisse hired for the probe, did not respond immediately to a request for comment. His report, which the committee obtained via a subpoena, found many questions were left "unanswered" after Credit Suisse decided to halt the review.
☆ UAW presidential challenger holds lead as rival campaign files protest
  + stars: | 2023-03-17 | by ( David Shepardson | ) www.reuters.com   time to read: +2 min
WASHINGTON, March 17 (Reuters) - Challenger Shawn Fain is narrowly leading United Auto Workers (UAW) President Ray Curry in a runoff election for leadership of the powerful union, as Curry's campaign said it had filed a protest over issues including undelivered ballots. A group backing Fain said that lead means his victory is "all but assured." The UAW is working to organize new battery plants and members worry that shifting to electric vehicles will cost jobs. Curry has been president of the UAW since June 2021, and a UAW member since 1992. The UAW won a victory in December, when workers at an Ohio General Motors (GM.N)-LG Energy (373220.KS) battery cell factory voted to join the union.
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