In recent weeks, Credit Suisse and UBS received a request from the US Department of Justice for information about their employees as part of an international investigation into evading sanctions against Russians. According to Bloomberg’s indiscretion, the two Swiss banks are also among the institutions involved in the US government’s investigation into who would have traded with customers affected by international sanctions. The investigation aims to clarify whether the banks’ financial advisors helped the Russian oligarchs escape the lockdown measures and keep their fortunes. Bloomberg again points out that Credit Suisse managed at least $60 billion for Russian clients before the war. The request for information would have arrived before the fibrillation on the market and the takeover agreement with Ubs.
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