- He called creating an official set of global ESG standards vital to “align capitalism with what society wants from it.” He additionally stated:
- “Frankly, an investment manager…can sit there and say, here’s a line that is acceptable and you’re either above it or below it.”
- “If you’re below it, we shouldn’t do business with you…”
- In July, federal regulators fined Bank of America $225 million for unfair and deceptive practices related to a prepaid card program to distribute unemployment insurance and other public benefit payments.
Woke Alert: Bank of America