Switzerland’s two largest banks said they would make an initial payment of $250 million this week as part of a $1.25 billion settlement recently reached with Holocaust survivors. The money, the first of three installments, will go into an escrow account and will not be available to survivors until a final settlement agreement and distribution plan are finalized sometime next year.
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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.
