The House Oversight Committee has launched a probe into Credit Suisse, demanding documents linked to the bank's compliance with sanctions on Russian oligarchs
In a letter to Credit Suisse CEO Thomas Gottstein, US lawmakers asked the bank to turn over information and documents about a portfolio of loans backed by yachts and private jets owned by clients, potentially including sanctioned Russian individuals.In particular, House Oversight Chair Carolyn Maloney and Rep.
The focus on Credit Suisse began after a recent Financial Times report, which said the bank had trimmed some of its exposure to $2 billion of loans made to wealthy clients to finance private planes and yachts. The FT later reported Credit Suisse asked investors to destroy deal documents linked to oligarch and tycoon yacht loans.
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