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Jewish plaintiffs reject Swiss banks $600 million offer
Jewish leaders call the $600 million global settlement with Credit Suisse Swiss Bank Corp and UBS inadequate for Holocaust asset losses. The class action, based in New York, seeks billions and accuses banks of plundering assets and obstructing recovery, with heirs receiving funds from a humanitarian pool and a Volcker-led dormant accounts probe ongoing.
MENTIONED IN THIS ARTICLE
New York
Switzerland
Credit Suisse Group
Swiss Bank Corp
Union Bank of Switzerland
Zurich
World Jewish Congress
Marvin Hier
Simon Wiesenthal Center
Los Angeles
US Federal Reserve
Paul Volcker