The Guardian is reporting that the JP Morgan Chase has apologized for owning slaves and pledged $5 million for scholarships for black students from Louisiana. Bank admits it owned slaves David Teather in New York Saturday January 22, 2005 America's second biggest bank, JP Morgan Chase, has made a rare apology for its subsidiaries' involvement in the slave trade 200 years ago, admitting that it accepted slaves as loan collateral and ended up owning several hundred. The Wall Street heavyweight said parts of the business accepted thousands of slaves as collateral on loans made to plantation owners in the South...