Germany’s Shallow Reckoning With Its Nazi Past
Credit Suisse is currently under investigation by the US Senate for obstructing investigations into its servicing of Nazi-linked clients. But the bank is far from alone: many German firms have never given up the monetary fruits of Nazi collaboration.

German industrialist Gustav Krupp von Bohlen und Halbach (R) and Adolf Hitler (M) visit the Krupp factory in Essen, Germany. (dpa / picture alliance via Getty Images)
Last month, banking conglomerate Credit Suisse made headlines for being investigated by the US Senate Budget Committee. The bank is suspected to have systematically laundered money for the German Third Reich and to have obstructed investigations into its operations and covered up its close cooperation with the profiteers and heirs of Nazi Germany.
Credit Suisse is far from alone in continuing to reap the financial benefits of collaboration with the Nazis, however. In their book, Nazis All the Way Down: The Myth of the Moral Modern Germany, Zachary and Katharina F. Gallant describe how prevalent Nazi-associated money still is in Germany today, as many of the country’s biggest firms have never given up the wealth they made profiteering for the fascist regime. Jacobin recently sat down with Zachary Gallant to discuss how this material legacy of Nazism continues to influence German society and politics and what it means for combating the rising contemporary far right.
Robin Jaspert
Credit Suisse is currently under renewed investigation for systemically laundering money for the Nazis during the Third Reich and for covering up traces of that until today. Is anyone else in the same boat?
Zachary Gallant