UBS Hits Back Over Nazi-Accounts Probe Amid Senate Pressure (1)

UBS Group AG accused the US lawyer overseeing a six-year-old inquiry into Credit Suisse’s handling of Nazi-linked accounts of bias and exceeding his mandate, deepening a standoff between the Swiss bank and its critics in Washington.

“In many respects, UBS rejects the Ombudsperson’s narrative,” the bank said in a website statement as it released new responses to a Senate committee that has pushed it to be more open in the case. “All too often, his reporting reads less like an objective, accurate, and fair history written by a neutral ombudsperson and more like a biased narrative.”

The criticism is ...