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Article

1 Jul 2009

Author:
Carola Hoyos, Financial Times

Businesses regret links with slavery

Rothschild…and Freshfields…have become the first UK businesses to say they “greatly regret” their links with slavery. The acknowledgments and expressions of regret came after the Financial Times published previously unexamined documents showing that N.M. Rothschild, the founder of the banking dynasty, had benefited from slavery by mortgaging 88 slaves in Antigua...Rothschild bank officials said…“We greatly regret that Rothschild is linked in any way to the abhorrent institution of slavery. Rothschild as a firm strongly supports equal opportunities and human rights.” Freshfields Bruckhaus Deringer said in a statement: “We greatly regret that the firm is linked in any way to the inhumane institution of slavery. Freshfields has a long tradition of supporting equal opportunities, human rights and access to justice, and we are deeply committed to promoting these objectives.”…In the past five years, several US companies, including JPMorgan, the bank, and Aetna, the insurance company, have apologised for slavery...