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Switzerland

  • News Analysis: Swiss Bank Bid to Settle Claims Leaves Thorny Issues Unresolved

    An agreement by Switzerland’s three biggest banks to negotiate a global settlement of Holocaust-era claims marks a partial breakthrough, but it leaves many thorny issues unresolved. The settlement, to be worked out in coming months, would involve a compensation fund for Holocaust survivors to cover all victims’ assets that ended up in Swiss banks, and… More ▸

  • Swiss Banks May Face Sanctions if ‘global Settlement’ Not Reached

    As the key players in the standoff with Swiss banks over Holocaust-era claims prepare to meet in New York next week, the prospects for reaching a “global settlement” remain far from clear. If negotiations do not produce a settlement or significant progress toward a settlement by March 31, Swiss banks could face new sanctions by… More ▸

  • Fired Swiss Guard Returns to Zurich to Prove His Case

    The former Swiss security guard who saved Holocaust- era documents from the teeth of a shredder is back in Switzerland for the first time since he fled the country. Christoph Meili and his wife, Giuseppina, have returned to Switzerland for the first time since April 1997, when they left the country for the United States…. More ▸

  • 2 Jews Suing Switzerland for World War Ii Restitution

    Two Jewish men are bringing separate suits against Switzerland linked to the country’s policy toward Jewish refugees during World War II. Charles Sonabend, whose parents were murdered in Auschwitz after Swiss authorities deported them in 1942, is bringing his compensation claim before Switzerland’s Supreme Court. The move comes after the Swiss Cabinet recently rejected his… More ▸

  • News Analysis: Botched Mossad Operation Further Strains Ties with Swiss

    It seems ironic that the latest Mossad fiasco took place in Switzerland. For more than a year, Switzerland has suffered strained relations with Israel and the larger Jewish world over allegations that Swiss banks helped bankroll the Nazi war effort and hoarded the wealth of Jews who opened secret accounts here during the Holocaust era…. More ▸

  • Swiss Arrest of Mossad Agent Further Tarnishes Agency’s Image

    The once-vaunted image of the Mossad has been tarnished again. The latest blow to Israel’s foreign intelligence service came Thursday, when Israeli and Swiss officials confirmed reports that an Israeli Mossad agent had been arrested in Switzerland in connection with an attempt to bug telephones in a building on the outskirts of Bern. Swiss officials… More ▸

  • Swiss Government Rejects Refugee’s Restitution Claim

    Should Switzerland pay restitution for its wartime policy regarding Jewish refugees? The resounding no offered by the Swiss Cabinet has received an equally resounding condemnation from Jewish leaders here and abroad. The Cabinet, known as the Federal Council, rejected last week the $68,000 compensation claim of Charles Sonabend, a World War II Jewish refugee whose… More ▸

  • U.S. Presses Swiss Firms to Pay Insurance Policies

    American pressure is mounting on Swiss insurance companies to make good on unpaid policies from the Holocaust era. The row intensified this week after Swiss insurers argued that domestic laws bar them from opening up their books regarding the insurance policies taken out by Holocaust victims. U.S. insurance officials, in turn, have accused Swiss insurers… More ▸

  • Survivors in Hungary Receive Swiss Holocaust Fund Checks

    In the Hungarian capital of Budapest, there are thousands of sorrowful stories similar to that of Ilona Debreczeny. Deported by Hungarian fascists at the age of 16, she suffered at four Nazi concentration camps between August 1944 and May 1945. Along the way, she came under Dr. Josef Mengele’s knife at Auschwitz and her teeth… More ▸

  • Swiss Fund to Distribute $150 Million to Survivors

    The executive board of Switzerland’s Holocaust Memorial Fund approved in principle the total allocation Jewish groups are seeking to distribute to survivors worldwide. The board also approved at its meeting Wednesday some $8 million for immediate payment to Hungarian survivors, according to a statement issued by the board. Some 100,000 Jewish survivors around the world… More ▸