Bank of England apologises for past links to slavery

The Bank of England has apologised for the links past governors of the institution had with slavery.

The central bank called the trade in human beings “an unacceptable part of English history,” and pledged not to display any images of former leaders who had any involvement.

"The Bank has commenced a thorough review of its collection of images of former governors and directors, to ensure none with any such involvement in the slave trade remain on display anywhere in the Bank,” the institution said in statement.

The decision comes after two British companies on Thursday promised to financially support projects assisting minorities after being called out for past roles in the slave trade.

Insurance giant Lloyd’s of London and the pub chain Greene King made the pledges after they were included in a University College London database of companies with ties to the slave trade.

In the wake of the death of George Floyd in Minneapolis, racial equality protests have spread around the world and protesters have taken a stand about the portrayal of people who profited from the slave trade.

Protesters in the English city of Bristol hauled down a statue of Edward Colston, a 17th-century slave trader and philanthropist, and dumped it in the city’s harbor.

Oxford University has recommended the removal of a statue of Cecil Rhodes, a Victorian imperialist in southern Africa who made a fortune from mines and endowed Oxford’s Rhodes scholarships.