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News Brief

September 14, 1998
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Austria’s Creditanstalt Bank said it began talks with Jewish groups to examine its alleged involvement with Nazi-looted gold. Bank officials said they wanted to reach a memorandum of understanding that would set up a mechanism for probing its wartime past and for making restitution. The bank is included in an $18 billion lawsuit filed by Holocaust survivors against Germany’s Deutsche Bank and Dresdner Bank for knowingly trading in gold looted from concentration camp victims.

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