Bank Of America's Plan To Track Lending And Investing Activity

Bank Of America has outlined its plans to track lending and investing activity in 10 important areas, which could help restore the economy. Bank of America Chairman and Chief Executive Officer Kenneth D. Lewis presented the idea to the Board

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Bank Of America has outlined its plans to track lending and investing activity in 10 important areas, which could help restore the economy.

Bank of America Chairman and Chief Executive Officer Kenneth D. Lewis presented the idea to the Board of Directors at a scheduled meeting.

“These are extraordinarily difficult economic times,” says Lewis. “As America’s largest bank, Bank of America must play a leading role in providing the capital and liquidity that will help revitalize the U.S. economy. That’s why we’re pulling together our lending and investing initiatives under this umbrella to provide greater clarity into the support we’re providing to families, businesses and communities across the country. All 10 of these areas are important to the future economic growth of our nation and our company.”

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