Wells Fargo, Bank of America each pledge $1 million aid for Ukraine, people fleeing Russian invasion
Reuters
Published Mar 02, 2022 11:47AM ET
Updated Mar 02, 2022 09:30PM ET
NEW YORK (Reuters) -Wells Fargo & Co and Bank of America (NYSE:BAC) each pledged on Wednesday to donate $1 million to the American Red Cross and other non-profit groups that are helping Ukraine and refugees fleeing invasion by Russia.
Their pledges follow a raft of similar announcements made by U.S. and European companies that have begun offering aid to Ukraine and people fleeing the war following Russia's invasion. Russia calls its actions in Ukraine a "special operation".
Wells Fargo (NYSE:WFC)'s donation will go to the American Red Cross, World Central Kitchen and the United Service Organizations, which supports American service members in Eastern Europe, according to the lender.
Bank of America is spreading its donation across five groups - the Red Cross and Red Crescent network in Ukraine and the region, World Central Kitchen, Cooperative for Assistance and Relief Everywhere, International Medical Corps and Project Hope.
The banks also said they will match employee donations to support relief in Ukraine.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.