When Deutsche Bank announced this week that they were picking up a five percent share in Israel’s Bank Leumi, there were doubtlessly numerous execs at the German firm thinking, "Finally, something for which we won’t get stuck paying reparations."
Timing, however, is everything, and within a day, it was announced that a group of Holocaust survivors were suing the bank for funds, which they claim that relatives had deposited in the bank’s forerunner, the Jewish Colonial Trust, back before the war. Maybe it’s coincidence, but if Bank Leumi is found liable, I guess we can always blame it on you-know-who.
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