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26-03-2023, 11:11 AM
https://www.pymnts.com/news/banking/2023...stigation/
Credit Suisse, UBS and US Banks Reportedly Face DOJ Investigation
Individuals at the two Swiss banks and the unspecified major U.S. banks were recently sent subpoenas by the U.S. Department of Justice (DOJ), which is looking into possible dealings with Russian oligarchs, Bloomberg reported Friday (March 24), citing unnamed sources.
The DOJ is investigating if the banks helped the oligarchs evade sanctions, and the effort began before the announcement that UBS will acquire Credit Suisse, according to the report.
Credit Suisse, UBS and US Banks Reportedly Face DOJ Investigation
Individuals at the two Swiss banks and the unspecified major U.S. banks were recently sent subpoenas by the U.S. Department of Justice (DOJ), which is looking into possible dealings with Russian oligarchs, Bloomberg reported Friday (March 24), citing unnamed sources.
The DOJ is investigating if the banks helped the oligarchs evade sanctions, and the effort began before the announcement that UBS will acquire Credit Suisse, according to the report.
