Citigroup admits its predecessors likely benefited from slavery
CBSN
Citigroup has grown into the nation's third-largest financial institution in part because its predecessors in the 1800s indirectly profited from slavery, the company acknowledged in a blog post this week.
The admission came as the Wall Street firm, JPMorgan Chase and other big banks have re-examined their roots in years, looking to unearth what roles they may have played in creating today's racial inequities.
Citi first explored its historic ties to slavery 20 years ago but "did not find records providing evidence of any direct involvement," Edward Skyler, Citigroup's head of public affairs, wrote in the post. But a second initiative conducted last year found that the bank's predecessors "likely profited from financial transactions and relationships with individuals and entities ... involved in or connected to the U.S. slave trade," according to Citi's research summary, which Skyler linked to in his post.
On the eve of the D-Day invasion, Gen. Dwight Eisenhower spent the remaining hours of daylight with the paratroopers who were about to jump behind German lines into occupied France. A single moment captured by an Army photographer became the most enduring image of America's greatest military operation.
This story previously aired on March 6, 2016. Child Advocate: Do you know why you are here today? 911 operator: 911. What is your emergency? 911 operator: Is there anybody else in the house with you? Robin Doan [to 911]: I so hope my mom is not dead. Robin Doan [to 911]: Please can you just send somebody out here? Robin Doan [to 911]: I'm cold. I'm very cold. Robin Doan [to 911]: I heard my mama scream ... Robin Doan [to 911]: I want my mom. I want my mom. Robin Doan [to 911]: It's on Highway 70. It's about 13.3 miles out from the bowling alley. I have a purple shirt on I have purple pants on. Robin Doan [to 911]: All I want right now is my blanket and my pillow. ... I see him. I see him. Robin Doan [advocate interview]: I really don't want to go to sleep anymore. It makes me to where I'm too scared. I really don't want to go to sleep. OK. Robin Doan [advocate interview]: He had shot in my room and missed me. Advocate: Did you hear anybody say anything. Could you hear anybody talking? Robin Doan [advocate interview]: I don't know this for sure but I thought I saw a white eyes ... a white face. Robin Doan [advocate interview]: And when he shot I saw a flash. Robin Doan [advocate interview]: I can't talk about it. It's too heartbreaking. Levi King interrogation: Before I even realized it, I mean, I'd just pointed it at him and fired.