Bank of America commits $1 billion to combat economic, racial inequalities heightened by pandemic

Bank of America Corp. (NYSE: BAC) is committing $1 billion to address economic and social disparities heightened during the Covid-19 pandemic. The Charlotte-based bank 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 mobility and workforce development programs that BofA…