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Update: Market Chatter: UBS Faces Fresh Questions from US Senate Over Credit Suisse Nazi-Linked Accounts

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(Updates with UBS's response in the fifth paragraph.)

UBS (UBS) is facing renewed scrutiny from the US Senate over Credit Suisse's handling of Nazi-linked accounts, with the Senate Judiciary Committee seeking responses after determining the bank had not fully addressed its earlier requests, Bloomberg reported.

US Senator Charles Grassley, R-Iowa, who chairs the committee, said in a July 17 letter that UBS's previous responses failed to address all of the panel's questions, according to the report. The letter included 62 questions for the bank, according to Bloomberg.

UBS is preparing a response, the report said, citing a person familiar with the matter.

Grassley plans to hold another hearing, although no date has been set, and is seeking to establish a historical archive of Credit Suisse records related to the Nazi-linked accounts.

UBS declined to comment when contacted by.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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