US scrutinizes Russia accounts UBS took over from Credit Suisse

The United States is investigating Russian clients taken on by UBS in its acquisition of Credit Suisse, raising concerns about one of the world’s largest wealth managers. The inquiry by OFAC underscores the challenges of integrating Credit Suisse, a struggling bank purchased by UBS, and the implications for Switzerland in managing Russian funds. This development highlights the significant scrutiny and potential consequences for both UBS and Switzerland in overseeing Russian money.

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