Wells Fargo, Bank of America each pledge $1 mln aid for Ukraine, people fleeing Russian invasion

Wells Fargo & Co and Bank of America (BAC.N) 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”. read more

Wells Fargo’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.

Reporting by Elizabeth Dilts Marshall; Editing by Jonathan Oatis and Kenneth Maxwell

This article was originally published by Reuters.