Bank of America pledges $1 billion to address racial, economic inequality

June 9, 2020 by Contributor

Bank of America Corp on Tuesday pledged $1 billion to help communities across the country address economic and racial inequality, the first big bank to vow monetary support following violent protests after the death of an unarmed black man at the hands of police in Minneapolis. 

“The events of the past week have created a sense of true urgency that has arisen across our nation, particularly in view of the racial injustices we have seen in the communities where we work and live,” Chief Executive Officer Brian Moynihan said. 

“We all need to do more,” he said in a statement. 

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Originally Posted at The Wealth Advisor on June 3, 2020 by Contributor.