Dorothy Tillman: Bank of America is 'lying' to Conceal Ties to Slavery

The Chicago City Council's champion for slave reparations accused Bank of America on Tuesday of "lying" on a sworn affidavit to conceal its past ties to slavery and preserve a lucrative role as senior manager of a $500 million city refinancing deal. "To sign an affidavit saying they've searched their records and your company has no ties to slavery is incorrect. ... That's incorrect and we are prepared to bring the evidence before this body -- that Bank of America, through Fleet Boston, does have ties to slavery," said Ald. Dorothy Tillman (3rd). "We've already got a team right now preparing to bring our evidence before this City Council ... to show it to the world. ... We will bring out witnesses. We will bring our evidence and you'll be back before this Council. You're in violation of the law. ... John Brown was a slave owner.'' [more]

  • In July 2004, Bank One merged with JPMorgan Chase & Co. (NYSE:JPM), a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries. [more]