International investigators found almost 48,000 Holocaust-era dormant accounts in Swiss banks, the Jewish Weekly of Switzerland reported Thursday. The total is far larger than what had been claimed by Swiss bankers in 1995, when they said only 775 such accounts existed. A summary drafted by the investigators, headed by former U.S. Federal Reserve Board Chairman Paul Volcker, criticizes Swiss banks for “questionable practices” and “widespread insensitivity” after the war.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
