UBS, Credit Suisse Scrutinized by Justice Department in Russia-Sanctions Probe, Bloomberg Reports
March 24 2023 - 04:18AM
Dow Jones News
--UBS Group AG and Credit Suisse Group AG are among banks
scrutinized as part of a U.S. Justice Department investigation into
whether bankers helped Russian oligarchs evade sanctions, Bloomberg
reports, citing unnamed sources.
--Subpoenas were sent to individual bankers before the crisis
that led to UBS's deal to take over Credit Suisse, according to
Bloomberg.
--UBS and Credit Suisse didn't immediately respond to requests
for comment.
Full story: https://bloom.bg/3lGynjy
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
March 24, 2023 04:03 ET (08:03 GMT)
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