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Bank of America announces expansion of racial justice initiatives

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Patrick T. Fallon | Bloomberg | Getty Images

Bank of America is expanding its racial justice initiative, devoting more funding toward advocacy and equality for communities of color.

“The urgency we feel to address long-standing issues of inclusion and racial inequality has only increased following the attacks and hate speech directed at Asian people over the last year,” said Bank of America Chairman and CEO Brian Moynihan.

The bank announced a four-year commitment backed by $1 billion in June of last year in response to the killings of George Floyd and Breonna Taylor as well as the effects of the pandemic on communities of color, saying “the programs will be focused on assisting people and…



Source cnbc.com

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