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
Famous quotes containing the word results:
““The ideal reasoner,” he remarked, “would, when he had once been shown a single fact in all its bearings, deduce from it not only all the chain of events which led up to it but also all the results which would follow from it.””
—Sir Arthur Conan Doyle (1859–1930)
“It is perhaps the principal admirableness of the Gothic schools of architecture, that they receive the results of the labour of inferior minds; and out of fragments full of imperfection ... raise up a stately and unaccusable whole.”
—John Ruskin (1819–1900)
“The restlessness that comes upon girls upon summer evenings results in lasting trouble unless it is speedily controlled. The right kind of man does not look for a wife on the streets, and the right kind of girl waits till the man comes to her home for her.”
—Sedalia Times (1900)