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  • Lauren Peters

Social Impact Bonds on Horizon: Bank of America

Jeff Nelder

Social Impact Bonds could become mainstream financial instruments after adoption by Goldman Sachs earlier this year.

The Charlotte Observer notes that Bank of America "has applied for a trademark on the phrase 'Anything a Society Truly Wants Can be Financed and Achieved.' Its trademark application goes on to say that it pertains to social impact bonds or 'project financing for socially beneficial programs.'

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