Banco do Brasil doesn’t deny its ties to 19th century slavery but says it shouldn’t be held responsible for the sins of a society.
Women perform in front of a monument to Zumbi dos Palmares, an important leader in the resistance to slavery in Brazil, on Black Awareness Day in Rio de Janeiro. RIO DE JANEIRO — In the mid-1800s, the most prolific slaver in Brazil was a man named José Bernardino de Sá. The transatlantic slave trade was banned in Brazil and abroad, butBanco do Brasil. It’s just one of several links that ties this country’s oldest and most prominent bank to the slave trade.
history and the long shadow the transatlantic slave trade casts over it. The attorneys from the Federal Public Ministry say the time has come for Brazilian institutions to account for their role in slavery. They’ve called on Banco do Brasil to commit to some form of reparations.“If this isn’t unprecedented,” Julio Araujo, one of the lawyers on the brief, told The Washington Post, “it’s definitely new.
“The sad legacy of slavery calls all contemporaneous social actors to work toward the promotion of ethnic-racial equality and to contribute through concrete actions, such as those the bank has already voluntarily done in pioneering fashion.
The bank closed for two decades but reopened in 1853 for the purpose of accumulating ill-gotten wealth, prosecutors and historians allege, most of it from the international slave trade.
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