9/30/2023 – The US suspects that two of the largest Swiss banks are helping Russians circumvent sanctions – Bloomberg.

From Meanwhile In Ukraine: The US suspects that two of the largest Swiss banks are helping Russians circumvent sanctions – Bloomberg.

The U.S. Department of Justice is investigating Credit Suisse Group and its parent, UBS Group AG.

Prior to the Russian invasion of Ukraine, Credit Suisse served wealthy Russians, managing their assets worth more than $60 billion. By the time of the invasion, this figure had fallen to $33 billion.

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