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Credit Suisse, UBS Among Banks in DOJ Russia-Sanctions Probe

  • Subpoenas to individual bankers preceded Credit Suisse crisis
  • US is investigating whether bankers aided sanctions evasion
Bloomberg business news
Credit Suisse, UBS Among Banks Facing DOJ Russia-Sanctions Probe
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Credit Suisse Group AG and UBS Group AG are among banks under scrutiny in a US Justice Department probe into whether financial professionals helped Russian oligarchs evade sanctions, according to people familiar with the matter. 

The Swiss banks were included in a recent wave of subpoenas sent out by the US government, the people said. The information requests were sent before the crisis that engulfed Credit Suisse and resulted in UBS’s proposed takeover of its rival.