USA The House Oversight Committee launched a probe Monday int | MINORITY REPORT

USA

The House Oversight Committee launched a probe Monday 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. Stephen Lynch, chair of the Subcommittee on National Security, expressed alarm over Credit Suisse asking hedge funds and other investors to "destroy documents" related to yachts and private jets owned by the bank's clients.