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Credit Suisse is limiting probe into Nazi bank accounts, US lawmakers say
(JTA) — The U.S. Senate Budget Committee has accused Credit Suisse of impeding an investigation into former accounts at the bank held by Nazis, including many who fled to South American countries after World War II.
On Tuesday, the committee released two reports, one by an independent ombudsman the bank had hired to oversee the investigation and one by a forensic research team. The bank fired the ombudsman, American lawyer Neil Barofsky, in November, months into his investigation.
“Credit Suisse’s decision to stop its review midstream has left many questions unanswered, including questions about the thoroughness of its prior investigative efforts, the extent to which it served Nazi interests and the bank’s role in servicing Nazis fleeing justice after the war,” Barofsky wrote in his findings, according to reports.
Sen. Chuck Grassley, the Senate committee’s ranking Republican, added in a statement on Tuesday: “When it comes to investigating Nazi matters, righteous justice demands that we must leave no stone unturned. Credit Suisse has thus far failed to meet that standard.”
Jewish organizations have long claimed that in addition to playing a key role in financially supporting Nazi Germany, Credit Suisse has held onto money looted from Jews long after the war. In 1999, the Swiss bank paid Jewish groups and Holocaust survivors a settlement of $1.25 billion in restitution for withholding money from Jews who tried to withdraw their funds.
In 2020, the Simon Wiesenthal Center, an antisemitism watchdog named after a famed Nazi hunter, reported that an Argentine investigator had found evidence that thousands of Nazis who fled to Argentina had kept accounts at Credit Suisse for decades, some with looted funds. The bank then opened an internal investigation.
Earlier this year, Grassley said that he had “received credible allegations of potential wrongdoing related to Credit Suisse’s internal investigation, including specifically the questionable removal of Mr. Barofsky in late 2022.”
“[T]he information we’ve obtained shows the bank established an unnecessarily rigid and narrow scope, and refused to follow new leads uncovered during the course of the review,” Grassley said in a statement.
According to the Associated Press, the forensic firm AlixPartners’ report showed that 21 Credit Suisse accounts had connections to Nazis, including multiple SS officers, on the Wiesenthal Center 2020 list. The New York Times reported that Barofsky, who was hired by the bank in February, had not found any accounts definitively linked to Nazis that were still open at the time of his firing, but he wrote that he was in November still looking into accounts not included in the 1990s report that he believed could have held Nazi money.
The bank said in a statement that the new reports confirm “existing research on Credit Suisse’s history published in the context of the 1999 Global Settlement that provided binding closure for the Swiss banks regarding all issues relating to World War II.”
The probe will continue in some form, as the Senate committee noted that the bank “committed to further investigate its apparent role in supporting Nazis fleeing from justice after WWII.”
Thousands of Nazis fled Europe to havens in Latin America after the war, most notably to countries such as Argentina and Brazil but also to others such as Paraguay, Uruguay and Peru.
Switzerland had long claimed full neutrality during World War II, but the 1990s investigations into banks and other wartime financial dealings with Nazi Germany shattered that reputation. The country’s financial system, it was revealed, had laundered gold and other stolen goods through the war and resisted pushes in its immediate aftermath to pay restitution to Jewish victims of the Nazis.
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Leader of Lithuanian Government Party Found Guilty of Hatred Against Jews
Dawn of Nemunas Party leader Remigijus Zemaitaitis attends a press conference after general election in Vilnius, Lithuania, Oct. 28, 2024. Photo: REUTERS/Ints Kalnins
A Lithuanian court found the leader of a junior party in the ruling coalition government on Thursday guilty of incitement to hatred against Jews and belittling the Holocaust in social media posts in 2023.
Remigijus Zemaitaitis, founder of the populist Nemunas Dawn, was fined 5,000 euros ($5,835) for falsely accusing the Jewish people, as a group, of historical crimes, encouraging hostility, and strengthening negative stereotypes, the court said.
“[Zemaitaitis] publicly mocked and despised Jewish people and incited hatred against the Jewish community” in social media, the Vilnius Regional Court said in its ruling.
It said he had also used “language that is degrading, derogatory to human dignity, and which incites hostility on ethnic grounds.”
Zemaitaitis has denied any wrongdoing. He told the BNS news agency on Thursday that he considered the verdict politically motivated and that he would appeal.
After resigning from parliament over the issue in April 2024, Zemaitaitis was re-elected in October of that year and his party, Nemunas Dawn, joined the new coalition government led by the Social Democrats. He is not himself a government minister.
Prime Minister Inga Ruginiene, whose three-party coalition has a slim majority in Lithuania’s parliament, told reporters she had not yet read the verdict.
Her Social Democratic Party said in a statement it respected the court’s ruling, while noting the decision was not yet final.
Thousands gathered at the parliament in Vilnius in November 2024 and again in August this year to protest against Nemunas Dawn’s inclusion in the government.
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Israel Strikes Hezbollah Targets in Two South Lebanon Towns
People inspect a damaged site after Israel’s military said it struck targets in two southern Lebanese towns on Thursday, in Jbaa southern Lebanon, Dec. 4, 2025. Photo: REUTERS/Ali Hankir
Israel‘s military said it struck targets in two southern Lebanese towns on Thursday after ordering the evacuation of two buildings it alleged were being used by Hezbollah terrorists.
About an hour after the initial warning, the army’s Arabic spokesperson issued another notice instructing residents of buildings in two other towns to leave.
The strikes came a day after Israel and Lebanon sent civilian envoys to a committee overseeing a fragile ceasefire agreed a year ago that both sides have accused the other of breaking.
The envoys would broaden the scope of talks between the long-time adversaries, both sides said.
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Anti-Hamas Gazan Clan Leader Reported Killed
Leader of the Popular Forces Yasser Abu Shabab and his deputy Ghassan Al-Duhaini stand next to armed men in Rafah, in the southern Gaza Strip, in this screenshot taken from a video released on Nov. 18, 2025. Photo: Yasser Abu Shabab/Popular Forces via REUTERS
The head of an armed Palestinian faction that opposes Hamas in Gaza has been killed, Israeli media reported on Thursday, in what would be a blow to Israeli efforts to support Gazan clans against the ruling Islamist terror group.
Yasser Abu Shabab, a Bedouin tribal leader based in Israeli-held Rafah in southern Gaza, has led the most prominent of several small anti–Hamas groups that became active in Gaza during the war that began more than two years ago.
His death would be a boost to Hamas, which has branded him a collaborator and ordered its fighters to kill or capture him.
There was no immediate word about Abu Shabab’s status on the Facebook page of his group, the Popular Forces.
Prime Minister Benjamin Netanyahu acknowledged in June that Israel had armed anti–Hamas clans, though Israel has announced few other details of the policy since then.
RAFAH SECURITY SWEEP
Abu Shabab’s group has continued to operate from areas of Gaza controlled by Israeli forces since a US-backed ceasefire between Hamas and Israel was agreed in October.
Rafah has been the scene of some of the worst violence during the ceasefire. Residents had reported gunbattles there on Wednesday, and Israel said four of its soldiers were wounded there. The Israeli military said on Thursday its forces had killed some 40 Hamas terrorists trapped in tunnels below Rafah.
On Nov. 18, Abu Shabab’s group posted a video showing dozens of fighters receiving orders from his deputy to launch a security sweep to “clear Rafah of terror,” an apparent reference to Hamas fighters believed to be holed up there.
Abu Shabab’s death was reported by Israeli media including Kan, Israel’s public broadcaster, citing a security source.
Israel’s Army Radio, also citing a security source, said he had died in Soroka hospital in southern Israel of unspecified wounds, but the hospital soon denied he had been admitted there.
The reports did not say when he died or how he received the reported wounds.
RAFAH ADMINISTRATION
An Israeli government spokesperson declined to comment on the reports. Hamas had no comment, its Gaza spokesperson said.
Israel’s policy of backing anti–Hamas clans took shape as it pressed the Gaza offensive against the group, aiming to end its rule of the coastal strip in the wake of the Oct. 7, 2023, attacks on communities in southern Israel.
In an article published in the Wall Street Journal in July, Abu Shabab – a member of the Tarabin Bedouin tribe – said his group had established its own administration in the Rafah area and urged US and Arab support to recognize and support it.
Abu Shabab’s group has denied being backed by Israel.
Netanyahu said in June that Israel’s backing for Gazan clans was a good thing that had saved the lives of Israeli soldiers.
But the policy has also drawn criticism from some in Israel who have said such groups can provide no real alternative to Hamas, which has controlled Gaza since 2007.
CONTROVERSIAL POLICY
“The writing was on the wall. Whether he was killed by Hamas or in some clan infighting, it was obvious that it would end this way,” Michael Milshtein, a former Israeli military intelligence officer at the Moshe Dayan Center in Tel Aviv, told Reuters.
Several other anti–Hamas groups have emerged in areas of Gaza held by Israel. Palestinian political analyst Reham Owda said that Abu Shabab’s death would fuel doubts among them about their “ability to challenge Hamas.”
US President Donald Trump’s Gaza plan foresees Hamas disarming and the enclave run by a transitional authority supported by a multi-national stabilization force. But progress has appeared slow, with Hamas so far refusing to disarm and no sign of agreement on the formation of the international force.
Hamas has accused Abu Shabab of looting UN aid trucks during the war. Abu Shabab’s group has denied this, saying it has protected and escorted aid.