All German and Italian assets in the United States are frozen.
Instead, much of this value consisted of German industrial assets, as well as forced labour.
Some of those accounts are moving a percentage of their fixed-income portfolio into German assets, they said.
(e) by confiscation of all German assets of any character whatsoever outside of Germany.
The diplomats prevailed, and the Austrian government was allowed to nationalize the former German assets at will.
It promised to freeze all German assets that had entered the country during the war and to conduct a nationwide census of all such assets.
Eventually, in 1952, the Swiss turned over $28 million in German assets out of what may have been $750 million.
It charged that they had crept into all professions and through usury, racketeering and crimes on German assets.
The gap encouraged many money managers to shun American investments in favor of high-yield German assets.
He famously labeled foreign investors "locusts" intent on devouring German assets.