A U.S. district court approved a plan under which Bank Austria agreed to pay $40 million to settle Holocaust-era claims. Jewish groups welcomed Thursday’s settlement after the bank agreed to an amendment under which it agreed to acknowledge a moral obligation to compensate Holocaust victims. The amendment also declares that other Austrian firms facing similar claims will not be covered by the settlement.
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.