The Vise Tightens On Swiss Banks

A boycott threat has already sent their shares tumbling

The fight between Switzerland's powerful banks and Holocaust survivors whose assets may be sitting in Swiss accounts has escalated. On Jan. 7, the Swiss government for the first time acknowledged that setting up a fund to compensate victims' families might be a good idea. But it took a scandal to force that admission. Now, a boycott movement by Jewish groups could increase pressure on the banks to speed up their disclosure and reparations.

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