Bank of America pledges $5B more for small biz

Courtesy Economic news - CNNMoney.com  Mon, 12/14/2009 - 17:12

Bank of America pledged Monday to increase its lending to small and medium sized businesses by $5 billion next year.

The announcement immediately followed a White House meeting at which President Obama pressured the nation's biggest bailed-out banks to start reinvesting in the rest of the economy.

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