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The revelation of Nazi-related accounts can severely damage CS's reputation, similar to past scandals affecting stock prices.
What happened, with direct paths to the underlying reporting
Credit Suisse concealed Nazi-linked accounts during WWII investigations. Accounts included those of SS officers used to store looted assets. Independent investigations reveal Credit Suisse's lack of cooperation. Barofsky's findings indicate ongoing issues up to 2002. UBS commits to thorough investigation of Credit Suisse's past accounts.
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