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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.