Did Bank of America help during the Covid-19 pandemic?

Yes!

RATING: +6
  1. Brian Moynihan, CEO of Bank of America, announced that the Bank was committing $100 million to support local communities in need as the world faces unprecedented challenges from the coronavirus. The funds will help increase medical response capacity, address food insecurity, increase access to learning as a result of school closures, and provide support to the world’s most vulnerable populations (Bank of America)
  2. They’re supporting longtime partner Khan Academy’s efforts to deliver a virtual classroom experience and curriculum during school closures. These resources will help educators and families ensure that tens of millions of students continue to learn over the weeks and months ahead (Bank of America)
  3. They’ve taken proactive steps to enhance cleaning procedures and other measures to limit the risk of exposure, based on guidelines from the Centers for Disease Control (CDC). To perform these enhanced, daily cleanings and best serve our clients, we are modifying our operating hours. All financial centers will be open Monday through Friday, 10:00 AM to 4:00 PM local time and Saturday will be regular hours (Bank of America)
  4. Bank of America announced additional support for its 66 million Consumer and Small Business clients and is offering assistance to clients through its Client Assistance Program and continuing to provide access to the important financial services on which these clients rely (Bank of America)
  5. Working on a case-by-case basis, they’ll provide additional assistance for clients impacted by the coronavirus including refund of fees, defer payments, pause foreclosure sales, evictions, and repossessions (Bank of America)
  6. They hired 1,700 people in critical support roles & said it would be paying an additional $200 per pay period to front-line workers in branches, call centers and operation centers effective immediately and enhanced overtime pay (Yahoo)

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