Bank of America Denies Profiting From Slavery
From: http://thebigblackblog.blogsot.com
CHICAGO The Bank of America has filed a report with Chicago city officials that denies its predecessor institutions ever profited from slavery.
But the report submitted yesterday does say some of those institutions did do business with slave owners.
In 2002, Chicago became the first city in the country to pass an ordinance requiring all companies doing business with the city to disclose profits they may have made from slavery.
The Bank of America came under pressure to do more extensive research after one Chicago alderman accused it of lying about ties to slavery.
While the bank's report denies profiting from slavery, it announced it will donate five (M) million dollars to organizations devoted to preserving African-American history.
CHICAGO The Bank of America has filed a report with Chicago city officials that denies its predecessor institutions ever profited from slavery.
But the report submitted yesterday does say some of those institutions did do business with slave owners.
In 2002, Chicago became the first city in the country to pass an ordinance requiring all companies doing business with the city to disclose profits they may have made from slavery.
The Bank of America came under pressure to do more extensive research after one Chicago alderman accused it of lying about ties to slavery.
While the bank's report denies profiting from slavery, it announced it will donate five (M) million dollars to organizations devoted to preserving African-American history.
