Bank of America pledges $1 billion to assist economic and racial inequality intensified by pandemic

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Bank of America announced Tuesday that it will commit $1 billion over four years to help local communities grapple with the widened economic and racial inequality caused by the Covid-19 outbreak. The bank said in a press release that the program will focus on “assisting people and communities of color that have experienced a greater impact from the health crisis.” “Underlying economic and social disparities that exist have accelerated and intensified during the global pandemic,” Bank of America CEO Brian Moynihan ...