Wachovia Agrees To Contribution in Wake of Slavery Report
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AP, June 3
CHARLOTTE, N.C.—The nation’s fourth-largest bank will make a financial contribution for black history education following its public apology for reaping past profits from slavery, Wachovia Corp. said Friday.
Charlotte-based Wachovia, which apologized Wednesday, agreed to make a financial commitment but provided no details.
“We didn’t want to create the appearance that we were putting a price on the harm done to people by slavery,” bank spokeswoman Carrie Ruddy said. “We decided it was not the right time.
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(Posted on June 6, 2005)