BANKING: Suspense Account

On the afternoon of June 11, the Bank for International Settlements held its 15th annual general meeting in the austere board room of its building in Basel, Switzerland. In other years, such famed international bankers as Germany's Hjalmar Schacht and Walter Funk, Britain's Montague Norman and Sir Otto Niemeyer, Italy's Dottore Raffaele Pilotti, Japan's Hisaakira Kano, and the U.S.'s Thomas McKittrick had met around the huge, oval table. But this year may be B.I.S.'s last: several nations would like to have it dissolved, and even whisper that there would be scandals if the full record of its wartime deals...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!