BofA Says 151 Employees Were Affected by Mass Shootings in U.S. [Bloomberg Business News]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Bloomberg Business News
By Laura J Keller Workers suffering from gun violence urged new policy, CEO says Critic of lending ban presses Moynihan on following ‘whim’ Bank of America Corp. ’s new policy denying loans and other services to certain gun makers came after dozens of employees lost family members or suffered other trauma related to mass shootings in the past few years. “This comes from our teammates saying we have to help,” Chief Executive Officer Brian Moynihan said Wednesday at the company’s annual meeting in Charlotte, North Carolina. Employee help centers provided services to 151 workers affected by shootings in Orlando, Las Vegas and other sites of mass casualties, according to the company. Moynihan was responding to a questioner at the meeting who criticized the new policy as “following the whim of the moment” and not looking out for the long-term interests of shareholders.
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