BofA commits $1B to combat economic, racial inequalities

Bank of America Corp. (NYSE: BAC) is committing $1 billion to address economic and social disparities heightened during the Covid-19 pandemic. The Charlotte, North Carolina-based bank — the largest bank in Central Florida — announced the four-year commitment on Tuesday. It will address four areas: job training, health, small businesses and housing. BofA is focusing on minority communities that face a greater impact from Covid-19 and its aftermath. The $1 billion accelerates work on the economic…