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.

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