US probes Swiss banks over Russian clients – Bloomberg ...News

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US probes Swiss banks over Russian clients – Bloomberg
Credit Suisse and UBS could face serious penalties for violating Washington’s sanctions Swiss banking giants Credit Suisse and UBS are on a list of banks under scrutiny by the US Department of Justice (DOJ) for allegedly helping Russian businessmen to evade sanctions, Bloomberg reported on Thursday, citing people familiar with the matter. The Swiss banks, along with a number of American banking majors, were reportedly subpoenaed by the DOJ. The agency’s sources added that the requests had been sent before Credit Suisse was hit by the crisis that resulted in its takeover by rival UBS. The probe is aimed at identify

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