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Christoph Meili, a Swiss bank guard, also testified at the hearings, [23] claiming to have witnessed illegal shredding of wartime records at Union Bank of Switzerland in January 1997. He removed wartime records of transactions with German companies and gave them to the Swiss-Israeli Cultural Association.
Category 3 and 4 accounts, which had weaker and weakest Holocaust nexus respectively, added 43,415 accounts and 4.2 million Swiss Francs to the tally. [7] In 1998, a United States class-action lawsuit resulted in a settlement of $1.25 billion by the two largest Swiss banks, which is supposed to cover claims by victims and their heirs. [8]
A night guard at a Swiss bank, he discovered that his employer was destroying records of savings by Holocaust victims, which the bank was required to return to heirs of the victims. After the Swiss authorities sought to arrest Meili, he was given political asylum in the United States. [124] [125] 1997 Alan Parkinson: Male Australian Government
Swiss Bank Corporation found itself in relatively strong financial condition at the end of World War II, with CHF 1.8 billion of assets. [4] By contrast, the Basler Handelsbank (Commercial Bank of Basel), founded in 1862 and one of the largest banks in Switzerland, was insolvent at the end of the war and was consequently acquired by SBC in 1945.
[8] [9] It was documented as “Biggest Bank Robbery” under “Curiosities and wonders” in Limca Book of Records. [10] [11] [12] The Chicago Sun-Times reported that "12 to 15 Sikhs dressed as policemen and armed with submachine guns and rifles escaped with nearly $4.5 million in the biggest bank robbery in Indian history." "No one was injured."
In March 2009, a lawsuit was filed in New York against Bank of America, one of the largest banks in the United States, that claimed that Bank of America "established, equipped and staffed" a branch office in the headquarters of Cosmo's firm, Agape Merchant Advance. As a result, the lawsuit contends that the bank knowingly "assisted, facilitated ...
UBS Group AG [nb 1] is a multinational investment bank and financial services company founded and based in Switzerland.Headquartered simultaneously in Zürich and Basel, [9] it maintains a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world.
Dresdner Bank was known as the bank of choice for Heinrich Himmler's SS. [74] The bank took part early on in Nazi Germany's confiscation of Jewish property and wealth. [74] In 1935, for example, as part of the Aryanization of Jewish assets, it took over the long-established private bank Arnhold in Dresden.