Daily News 12/7/98 http://www.baltech.org/lederman/913chase.html Chase Banked On Nazis - Report Chase National Bank - the precursor of today's Chase Manhattan Bank - allegedly helped the Nazis plunder Jewish property in France during World War II, according to a published report. The New York-based bank controlled by the Rockefeller family closed Jewish accounts even before the Germans ordered them to do so and did business with the Nazis while they were sending Jews to the gas chambers, Newsweek magazine reports in this week's edition. And while the U.S. was at war with the Nazis, Chase also apparently helped German banks do business with their overseas branches, the magazine reported. Chase Manhattan is now the largest bank company in the U.S. with more than $300 billion in assets...lawyers representing Holocaust survivors...intend to name Chase Manhattan to their lawsuit and are investigating the wartime role of another big U.S. bank, J.P. Morgan, the magazine reported. While many other U.S. businesses and banks closed down their Paris operations after France fell to the Germans, Chase National remained open and even thrived. The relationship between Chase and the Nazis apparently was so cozy that Carlos Niedermann, the Chase branch chief in Paris, wrote his supervisor in Manhattan that the bank enjoyed "very special esteem" with top German officials and "a rapid expansion of deposits," according to Newsweek. Niedermann's letter was written in May 1942 - five months after the Japanese bombed Pearl Harbor and the U.S. also went to war with Germany.