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

June 2, 2020 admin Stock News 0

© Reuters. FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City

(Reuters) – Bank of America Corp (NYSE:) said on Tuesday it is making a $1 billion, four-year commitment to help communities address economic and racial inequality exacerbated by the COVID-19 global pandemic.

The U.S. lender is the first big bank to pledge monetary support following violent protests across the country after George Floyd, an unarmed black man, died while in police custody in Minneapolis last week.

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