Bank Watch

Bank of America calls for repeal of state LGBT law

Bank of America on Tuesday became the latest large U.S. company calling for a repeal of North Carolina’s new statewide discrimination law.
Bank of America on Tuesday became the latest large U.S. company calling for a repeal of North Carolina’s new statewide discrimination law. Bloomberg

Bank of America has become the latest large U.S. company calling for a repeal of North Carolina’s new statewide discrimination law.

In a tweet late Tuesday, the Charlotte-based bank said it has joined more than 80 companies that signed a letter asking Gov. Pat McCrory and the general assembly to repeal the law.

Apple CEO Tim Cook, Facebook CEO Mark Zuckerberg and Twitter CEO Jack Dorsey were among the chief executives across the U.S. who initially signed the letter.

Bank of America CEO Brian Moynihan’s signature will be added to the letter, a spokesman for the bank said Wednesday.

Matt Hirschy, director of advancement for Equality NC, which released the letter in conjunction with the Human Rights Campaign, praised Bank of America’s move.

“Bank of America ... and many other of the major financial sector titans have had a longstanding commitment to equality and the LGBT community, and Bank of America’s tweet last night and their public sign on to our letter today is a recommitment to that public stance,” Hirschy said.

Wells Fargo, which employs about 23,000 in Charlotte, had not signed the letter as of Tuesday. A spokesperson for the San Francisco-based bank did not immediately provide comment.

VIDEO: Gov. Pat McCrory blames ‘inaccurate’ news stories for backlash against LGBT law while responding to reporters questions at a groundbreaking for a Novo Nordisk facility in Clayton, NC on Monday, March 28, 2016.

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