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News Brief

December 8, 1998
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A New York City official called for a delay in a proposed merger between an American bank and a German bank that faces a class-action suit from Holocaust survivors. City Comptroller Alan Hevesi’s comments came a week after survivors involved in the suit against Deutsche Bank called for such a delay. Hevesi and other U.S. finance officials took an active role earlier this year in persuading Swiss banks to reach a $1.25 billion settlement of Holocaustera claims.

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