Senator Grassley Urges Trump Administration to Investigate UBS for Nazi-Linked Accounts
Senator Chuck Grassley has called on the Trump administration to investigate Swiss bank UBS for allegedly obstructing efforts to uncover its historical ties to the Nazi regime. Grassley sent a letter to a State Department official, highlighting UBS's conduct as a 'historic shame' and requesting assistance in furthering his investigation into the bank's alleged obstruction. The investigation focuses on accounts that looted Jewish assets and facilitated the escape of SS officers to Argentina after World War II. Grassley has been leading a bipartisan inquiry into unresolved issues related to Swiss banks, specifically Credit Suisse, which was acquired by UBS in 2023. Despite obtaining a national charter from the US Office of the Comptroller of the Currency, UBS has reportedly failed to engage in Grassley's inquiry, raising concerns about its responsibility and conduct. 
