Skiplink Navigation

Main Features

Holocaust payout close to $1 billion

Nearly $1 billion (SFr1.08 billion) in restitution from Swiss banks had been disbursed to Holocaust victims by the end of 2007, according to a United States court.

The fund was established after Jewish groups launched legal action against Swiss banks in the 1990s, alleging complicity in Nazi-era war crimes.

The country's two largest banks, UBS and Credit Suisse, agreed to a settlement in 1998 and paid $1.25 billion.

The fund is overseen by a court in New York.

Almost half of the settlement is for the owners of dormant Holocaust-era accounts and their heirs.

In total, there are 432,750 people eligible to receive restitution.


Neuer Inhalt

Horizontal Line

subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.

Click here to see more newsletters

swissinfo EN

The following content is sourced from external partners. We cannot guarantee that it is suitable for the visually or hearing impaired.

Join us on Facebook!