City of Chicago founded

On August 12, 1833, the City of Chicago was founded. The city was later formally incorporated with a town charter on March 4, 1837.

Learn more about the history of Chicago's charter from the Encyclopedia of Chicago.

Swiss banks agreed to compensate Holocaust victims for holding assets

On August 12, 1998, Swiss banks agreed to pay $1.25 billion to settle lawsuits brought by Holocaust survivors and their heirs. The plaintiffs had alleged that the banks had kept millions of dollars deposited by Holocaust victims before and during World War II. Read CNN's original report of the story.

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