Bank Of America Pledges $1 Billion To Fight Racial Inequality
BANK OF AMERICA PLEDGES $1 BILLION OVER THE NEXT FOUR YEARS TO FIGHT RACIAL INEQUALITY
(CNN) – Bank of America is pledging a billion dollars to help fight racial inequality.
The bank’s CEO made the announcement in a press release on Tuesday.
He said “underlying economic and social disparities” were exacerbated by the COVID-19 pandemic and the death of George Floyd and have created a sense of urgency.
Bank of America said over the next four years, the billion dollars would go to community programs and minority-owned small businesses.
The money will expand health services, like vaccination clinics, in communities of color, and help recruit new bank employees in economically disadvantaged communities.