The leader of Germany’s Jewish community said he was confident that two of the country’s largest private banks would soon settle an $18 billion class-action suit filed by U.S. Holocaust survivors. Ignatz Bubis made the prediction days after Switzerland’s two largest commercial banks reached a $1.25 billion settlement of Holocaust-era claims. The class-action suit against Deutsche Bank and Dresdner Bank accuses them of knowingly trading in gold looted from Jews during the Holocaust.
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.
