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BofA Says 151 Employees Were Affected by Mass Shootings in U.S.

Laura J Keller
BofA Says 151 Employees Were Affected by Mass Shootings in U.S.

Bank of America Corp.’s new policy denying loans and other services to certain gun makers came after dozens of employees lost family members or suffered other trauma related to mass shootings in the past few years. “This comes from our teammates saying we have to help,” Chief Executive Officer Brian Moynihan said Wednesday at the company’s annual meeting in Charlotte, North Carolina. “The company is willfully giving up money,” Justin Danhof, general counsel of the National Center for Public Policy Research, said to Moynihan.