UBS Slammed by Senators for Obstructing Nazi Accounts Probe (1)

Members of a US Senate committee tore into UBS Group AG executives for refusing to hand over more than 150 documents that an investigator has requested that could shed light on the history of Credit Suisse accounts tied to Nazi Germany, as tensions flared again around a 1998 settlement in the case.

“UBS’s conduct is absurd and a historic shame that’ll outlive today’s hearing,” Chairman Chuck Grassley said at a Senate Judiciary Committee hearing on the issue at which legislators grilled executives from UBS, which now owns Credit Suisse, over the bank’s alleged failure to cooperate with investigators.

The exchanges ...