Results
The Commission found in 1999, after its research, 54,000 accounts that may have belonged to victims of the Holocaust. The investigation was unable to determine the exact value of the accounts held by the banks, but 5,559 names were published in 1997 of accounts owned by those living outside of Switzerland, with a total value of $44.2 million. The panel further recommended the publication of 25,000 names of other victims. In 1998, a United States class-action law suit 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.
Read more about this topic: Volcker Commission
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