Financial institution of America pledges $1 billion to deal with racial, financial inequality


FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri/File Photo

(Reuters) – Bank of America Corp 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.

Reporting by C Nivedita in Bengaluru; Editing by Bernard Orr

Our Standards:The Thomson Reuters Trust Principles.



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