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Bank of America pledges $1 bln to address racial, economic inequality

Reuters Tuesday, 2 June 2020
Bank of America Corp on Tuesday pledged $1 billion to help communities across the country address economic and racial inequality, the first big bank to vow monetary support following violent protests after the death of an unarmed black man at the hands of police in Minneapolis.
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News video: Bank of America to Invest $1B to Fight Racial, Economic Inequality

Bank of America to Invest $1B to Fight Racial, Economic Inequality 00:17

Bank of America announces $1 billion pledge to fight against racial and economic inequality as the nation reels from protests in the wake of the police killing of George Floyd.

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Bank of America Bank of America American multinational banking and financial services corporation

JPMorgan pledges $30 billion to address racial wealth gap [Video]

JPMorgan pledges $30 billion to address racial wealth gap

JPMorgan Chase & Co said on Thursday it would commit $30 billion to address racial inequality over the next 5 years, marking one of the largest corporate pledges related to race since the death of George Floyd. Freddie Joyner has more.

Credit: Reuters - Politics    Duration: 01:13Published
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Economists at Bank of America lifted their forecast for third-quarter US GDP growth to 27% from 15% on Friday. Business Insider reports better-than-expected trends in retail sales, the housing market, and hiring. BoA lowered its fourth-quarter projection to 3% from 5%. Failed stimulus negotiations are growing increasingly likely. No new aid could be a speed bump for the American economy. BoA made the adjustment after Senate Democrats blocked Republicans' $500 billion measure on Thursday.

Credit: Wochit News    Duration: 00:38Published

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Ex-Officer Derek Chauvin, Charged in George Floyd's Death, Released on $1M Bond [Video]

Ex-Officer Derek Chauvin, Charged in George Floyd's Death, Released on $1M Bond

According to NBC News, the former Minneapolis police officer was granted a conditional release on Wednesday after posting a non-cash bond.

Credit: Cover Video STUDIO    Duration: 00:49Published

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