FRANKFURT, Nov 10 (Reuters) - The European Central Bank's top supervisor Andrea Enria appeared to call time on a season of large share buybacks by banks on Thursday as the economy weakens.

Banks including UniCredit and Societe Generale have been reporting bumper profits and announcing dividends and share buybacks, boosted by a sharp increase in interest rates and a trading boom after more than a decade of mostly meagre returns.

"Banks have been able to distribute big, until recently we had quite a number of hefty share buybacks," Andrea Enria told an event at the Dutch central bank.

"What is changing now is not our policy, it's the macro outlook. We want banks to recalculate their capital trajectory for a recessionary environment."

Reuters reported on Wednesday supervisors were urging banks to preserve capital in the face of a souring economic outlook after finding they were making overly optimistic assumptions about the economic outlook.

This year, the ECB has given the green light to all buybacks that were put up for approval, including from UniCredit, Societe Generale and ING. (Reporting By Francesco Canepa Editing by Tomasz Janowski)

By Lananh Nguyen

NEW YORK, Oct 4 (Reuters) - Bank of America Corp plans to deposit an additional $100 million into banks that focus on minority communities, the company said on Tuesday.

The program doubles Bank of America's earlier pledge to deposit $100 million in minority depository institutions, or MDIs, that are mostly owned by minority individuals. The second-biggest U.S. lender has expanded its racial equality initiatives in recent years, making $42.5 million in equity investments in 22 MDIs and Community Development Financial Institutions, and taking equity stakes of less than 5% of each lender.

For the smaller lenders, the influx of deposits "expands their capacity to make loans" for housing or businesses, D. Steve Boland, Bank of America's chief administrative officer, said in an interview. "What we would hope is our example draws in others" to make similar moves, he said.

The deposits will probably range from $1 million to $10 million, Boland said. Optus Bank, Southern Bancorp and City First Bank are among the lenders that will receive deposits.

"MDIs are a critical resource to minority and underserved communities," providing banking services, creating jobs and helping businesses, Boland said separately in a statement.

U.S. banking giants have expanded their racial-equity pledges in the years after 2020, when the killing of George Floyd, a Black man, by a police officer sparked global protests. (Reporting by Lananh Nguyen; Editing by Muralikumar Anantharaman and Chizu Nomiyama)