Thursday, June 02, 2005

Wachovia Admits Ties to Slavery

from The Philadelphia Inquirer
Wachovia Corp., the nation's fourth-largest bank, has asked African Americans to forgive the company for its history of owning slaves and using them as loan collateral.

"We apologize to all Americans, and especially to African Americans and people of African descent," Wachovia chairman Kennedy Thompson said in a statement yesterday. Based in Charlotte, N.C., Wachovia is the leading bank in the Philadelphia area.

No comments: