Bank of America Commits $1 Billion to Address Racial Inequality
Bank of America had made a huge announcement to embark upon a huge initiative to specifically help the Black Community. Bank of America has made a literal $1 Billion commitment to investing in tackling racial disparities and inequalities which have been further heightened by the pandemic, relative to COVID-19. This may benefit Bank of America in more ways than one...aside from some serious imaging prize, people tend to support sources that support them and Bank of America reaching out to help Black people could easily be an attractive reason for more Black people to bank with BOA. I'm certain BOA's banking success which allows them to invest $1 Billion, has something to do with the members of the Black community who have invested and banked with BOA over the years.
The Bank of America Corporation 'is one of the largest banking and financial services corporations in the United States.', according to the Encyclopedia Brittanica and was formed in 1998. The history regarding how Bank of America came to be formed dates back to Amadeo Peter Giannini who opened The Bank of Italy in San Francisco in1904 which eventually became The Bank of America, according to brittanica.com.
READ ALL OF THE DETAILS REGARDING BANK OF AMERICA'S INITIATIVE: (Clicck the link below)
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