Bank of America said it has exceeded its five-year goal two years ahead of schedule to hire 10,000 teammates from low- and moderate-income or LMI neighborhoods through its Pathways program.
The bank also said it has committed to making an additional 10,000 LMI hires by 2025 through expanded partnerships with community colleges and local organizations like Year Up, UnidosUS and the National Urban League.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.