Bank of America Corp. (BAC) Tuesday said it loaned $45.4 billion to small and medium-sized businesses businesses in the first half of 2010. This amount represents an increase in lending of nearly $9 billion over the same period last year.
Last December, Bank of America pledged to increase lending to small and medium-sized businesses by $5 billion in 2010. The company loaned $81.4 billion to those businesses in 2009, and this year it loaned $19.4 billion in the first quarter and more than $26 billion in the second quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.