History November 07, 2018 at 12:00 pm

6 thriving companies in the U.S. and UK that profited from slave trade

Farida Dawkins | Contributor

Farida Dawkins November 07, 2018 at 12:00 pm

November 07, 2018 at 12:00 pm | History

Bank of America headquarters…Wall Street Journal

Bank of America

What is now known as Bank of America was formulated out of the Boatman Savings Institution and Southern Bank of St. Louis and the Bank of Metropolis.

In 2005, the Heritage Research Center found two instances in which slaves were used as collateral in exchange for settling personal debts.

The Chief Executive of BofA, Ken Lewis, commented, “The institution of slavery left an indelible and shameful mark on our nation’s history, and we regret any actions our predecessors may have taken that supported or tolerated the institution of slavery in America,” as reported by Sacramento Business Journal.

BofA is currently the second largest financial establishment in the U.S.

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