: One of the most controversial sections of the book details how the BIS remained open throughout World War II . Under American president Thomas McKittrick, the bank reportedly accepted looted Nazi gold and facilitated Reichsbank deals, acting as a "covert bridge" for international finance between Axis and Allied powers.
The book (2013) by Adam LeBor is an investigative history of the Bank for International Settlements (BIS) , an institution often called the "bank for central banks" . Based in Basel, Switzerland, the BIS is presented as the most powerful and secretive financial organization in the world, operating with near-total legal immunity. Core Themes and Historical Context Tower of Basel: The Shadowy History of the Secr...
: Founded in 1930 to manage German reparations after World War I, the BIS was created by an international treaty that places its assets beyond the reach of any government or jurisdiction. Even Swiss authorities have no power over its premises or staff. : One of the most controversial sections of
: LeBor describes the BIS's pivotal role in the trans-European currency project , providing technical support from the late 1940s through the launch of the Euro in 2002. Today, it hosts the Basel Committee on Banking Supervision , which sets global capital requirements for commercial banks. Critical Perspective Based in Basel, Switzerland, the BIS is presented
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