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Due to Switzerland’s declared military neutrality in World War II, Swiss banks had been a safe haven for Jewish assets before and during the war. The Holocaust saw the genocide of approximately six million Jews, which included individuals who had deposited their funds into Swiss banks. Since the end of World War II, some individual heirs to ...
During the Second World War, Switzerland was the hub of European gold trade. 77% of the German gold shipments abroad were arranged through it. Between 1940 and 1945, the German state bank sold gold valued 101.2 million Swiss francs to Swiss commercial banks and 1,231.1 million francs through the Swiss National Bank (SNB).
The Humanitarian Fund for the Victims of the Holocaust was created by the Swiss Bankers Association (SBA) as a result of the "Meili Affair".The fund enabled the Swiss financial industry to participate in the process of paying reparations to the victims of Nazi looting during World War II that was abetted by Swiss banks and the failure of Swiss life insurance companies to honor the policies of ...
A searchable database, ostensibly assembled from European public records, [13] of more than two million pieces of property that belonged to Jews before the beginning of World War II was released on May 1, 2011, [9] made it one of the largest publicly available databases of Jewish property lost during the Holocaust era.
The Commission was established by a memorandum of understanding on May 2, 1996, between the World Jewish Restitution Organization, the World Jewish Congress and the Swiss Bankers Association. The MOU indicated two objectives for the committee: "(a) to identify accounts in Swiss banks of victims of Nazi persecution that have lain dormant since ...
Switzerland has Europe's tenth-largest Jewish community, with about 20,000 Jews, [1] roughly 0.4% of the population. The majority of the Jewish communities are domiciled in the largest cities of the country, i.e. in Zurich , Geneva and Basel .
The Jewish population of Europe in 2010 was estimated to be approximately 1.4 million (0.2% of the European population), or 10% of the world's Jewish population. [6] In the 21st century, France has the largest Jewish population in Europe, [ 6 ] [ 10 ] followed by the United Kingdom, Germany, Russia and Ukraine. [ 10 ]
His disclosure was one of the factors prompting a US$1.25 billion settlement between multiple Swiss banks and Jewish victims in August 1998. Meili was entitled to $750,000 of the settlement. He returned to Switzerland having spent all his settlement money and to mixed reception by Swiss papers.