Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Dutch bank ABN Amro to examine own history in light of racism debate

Published 07/24/2020, 06:48 AM
Updated 07/24/2020, 06:50 AM
© Reuters. ABN AMRO logo is seen at the headquarters in Amsterdam

© Reuters. ABN AMRO logo is seen at the headquarters in Amsterdam

AMSTERDAM (Reuters) - Dutch bank ABN Amro (AS:ABNd) on Friday said it had commissioned a study into its past in light of the current global debate about systemic racism and the inequality faced by Black people.

"As a bank with a history going back 300 years, ABN Amro too is aware that there may be some episodes in our past of which we cannot be proud," the bank said.

A spokesman for the bank said it was unclear how long the study would take and what consequences it might have.

The Dutch central bank this month also said it would examine its role in the slave trade.

The Dutch played a major role in the global slave trade from the 17th century until the Netherlands abolished slavery in 1863. The Dutch West India Company operated ships estimated to have traded 500,000 slaves in the 17th and 18th centuries.

© Reuters. ABN AMRO logo is seen at the headquarters in Amsterdam

Latest comments

Nederland is still racism a lot!they don't like people's outside the country!
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.