Bank Of America Expands Racial Equality Program To Include Asians

By Palash Ghosh, Forbes |

Bank of America has expanded its four-year, $1 billion program to advance racial equality to five years and $1.25 billion and will now specifically include people of Asian descent, in response to the rise of racially motivated incidents against that community.

A survey released on Tuesday by AAPI Data, a group that publishes demographic data and policy research on Asian Americans and Pacific Islanders, found that 10% of Asian Americans and Pacific Islander adults have suffered hate crimes and hate incidents so far in 2021 — versus a national average of 6% for all Americans. (AAPI Data told Forbes by email the figure is about 4% for whites and about 9%-10% for non-white communities).