The Massachusetts company is laying off more than 40 employees with a focus on people working in its retail banking operations.

Eight of the top 15 firms increased headcount this year through June, while only four reduced it.

The coronavirus pandemic has created major credit issues at the Boston bank and stymied efforts to improve profits, fueling speculation that the onetime serial acquirer could be a takeover target.

The promise, made by the chief executive officers of 27 companies including JPMorgan Chase, Citigroup and Bank of America, is part of a new initiative called the New York Jobs CEO Council.

A report from the trade group, released Tuesday, follows a June resolution from its board of directors recognizing historic, systemic and institutional racism in the U.S.

The agency sought feedback on potential changes to the Equal Credit Opportunity Act. But a coalition of industry and advocacy groups want a longer comment period to afford “a greater opportunity for thoughtful public participation.”

Facing Wall Street analysts for the first time after the murder of George Floyd, CEOs of major payment companies joined other financial services firms in promising to improve fairness and opportunities for Black people and other underrepresented groups.

Year to date through Mar. 31, 2020. Dollars in thousands.

Many will need to ramp up security protocols and reconsider which services require a high-tech versus human touch.

Full-time equivalent, as of Mar. 31, 2020. Dollars in thousands.