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International Business Times
International Business Times
Business
Joshua Howat Berger

Brazil Bank's Ties To Slavery Reopen Wounds, Reparations Debate

Brazil Banco do Brasil Slavery Americas
Brazilian federal prosecutor Julio Araujo (second from right) speaks during a public hearing on reparations for slavery in Rio de Janeiro (Credit: AFP)

In 1853, Viscount Jose Bernardino de Sa, a Brazilian nobleman who made his fortune shipping enslaved Africans to the Americas, became the largest investor in the country's oldest bank, Banco do Brasil.

Now, 170 years later, the bank faces legal action over its historic ties to the slave trade, part of a growing push in Brazil and worldwide for those who profited from slavery to pay reparations.

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