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The DOJ also sent subpoenas to employees of some major U.S. banks, the Bloomberg report said, adding the Swiss banks were included in a wave of subpoenas sent before Credit Suisse’s takeover by UBS.
The DOJ inquiries are to identify which bank employees dealt with sanctioned clients and how those clients were vetted over past years, Bloomberg reported.
Credit Suisse, UBS, and the Justice Department did not immediately respond to Reuters’ emailed requests for comment.
