September 21, 2023
Via: Banking DiveBank of America will boost its minimum hourly wage to $23 next month, in its latest step toward paying its lowest-earning employees $25 per hour by 2025, the company announced Wednesday. The Charlotte, North Carolina-based lender has bumped up its […]
May 18, 2021
Via: Banking DiveBank of America CEO Brian Moynihan said the increase will cost the bank “a few hundred million dollars a year” but called the move “an investment.” Moynihan told CNN it’s about maintaining a “great standard of living for our teammates.” […]
April 9, 2019
Via: TheStreetBank of America, (BAC – Get Report) , the second-biggest U.S. bank, said it would raise the minimum hourly wage for employees to $20 by 2021 from about $15 currently in an effort to improve recruitment and retention efforts. A […]
March 26, 2024
March 29, 2024
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