--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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