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

The video discusses an ongoing probe into banks, including UBS and Credit Suisse, related to their dealings with Russian clients amid sanctions following the Ukraine invasion. The investigation, which began over a year ago, examines the banks' roles and the financial professionals who may have helped clients avoid sanctions. Credit Suisse held significant assets for Russian clients, more than UBS, highlighting their involvement. The probe aims to uncover any misconduct in these financial dealings.

What event triggered the probe into banks like UBS and Credit Suisse?

• The US-China trade war

• The financial crisis of 2008

• The invasion of Ukraine by Russia

• The Brexit referendum

Which bank held more funds for Russian clients at the time of discontinuing its business?

• UBS

• Credit Suisse

• Deutsche Bank

• HSBC

What was the approximate amount held by Credit Suisse for Russian clients?

• $33 billion

• $20 billion

• $50 billion

• $10 billion

What is the main focus of the ongoing probe?

• Investigating tax evasion

• Examining financial professionals aiding in sanction evasion

• Analyzing stock market manipulation

• Reviewing loan defaults

Which two banks are primarily mentioned in the probe related to Russian clients?

• UBS and Credit Suisse

• Goldman Sachs and Morgan Stanley

• BNP Paribas and Societe Generale

• Barclays and HSBC