The major Swiss banking institutions, often referred to as the 'Big Three,' which include UBS, Credit Suisse, and Swiss Bank Corporation, came together to publicly announce their commitment to support Holocaust survivors. The establishment of a $71 million fund was part of a wider movement among financial institutions to confront and rectify past wrongdoings associated with World War II. This decision was influenced by growing pressures from Jewish advocacy groups, as well as various international stakeholders, who sought justice and reparations for the injustices faced by victims of the Holocaust. The fund was aimed at supporting the surviving members of this community who were affected by the systemic atrocities and financial stripping that occurred during the war.The announcement was considered a landmark development, as it reflected a shift in the attitudes of Swiss banks after years of criticism regarding their roles and obligations during the war. For decades, these institutions had been accused of holding onto assets belonging to Holocaust victims, complicating the narrative of accountability and justice. Furthermore, the initiative was positioned as a step towards negotiating a more inclusive dialogue regarding historical reparations and addressing the individual suffering experienced by survivors. This financial commitment provided not just immediate relief but also aimed at fostering a sense of closure and recognition for the lost lives and livelihoods during the Holocaust.