Bank of America is raising its starting wage to $17 an hour beginning in May in a longer-term effort to increase it to $20 by 2021. The retail banking giant currently pays $15 an hour to start.

Full-time employees in the U.S. will now have a minimum annualized salary of $50,000, up from $48,000, the bank said. Back in 2021, Bank of America had pledged to raise its minimum hourly wage to ...

Bank of America has raised its minimum hourly wage in the United States to $24, it said today. The move brings the bank closer to its plan to reach a $25 minimum hourly wage by 2025, as it aims to ...

Bank of America is closing in on its objective of paying its U.S. workers a minimum of $25 an hour by 2025, increasing its base wage to within a buck of that goal starting in October.

Bank of America (NYSE:BAC) announced on Wednesday that it is raising its U.S. minimum hourly wage to $23, effective from October. This is part of the bank's broader commitment to reach a minimum ...

Bank of America announced on Wednesday that it has raised its U.S. minimum hourly wage to $21, the next step in the company’s plans to increase the pay to $25 by 2025.. With employees getting ...

The bank had already raised its own minimum wage to $20 an hour in the U.S. last March. That was one year ahead of schedule -- the bank had originally planned to raise its minimum wage to $20 in 2021.

Bank of America (BAC) said Tuesday that it will raise the hourly minimum wage of its US employees to $25 by 2025. “It costs us a few hundred million dollars a year … but it’s an investment ...

Bank of America will raise the minimum wage for its employees to $20 an hour in the next two years and freeze health care cost increases for lower-paid workers, the company said Tuesday.

Bank of America said Tuesday that it will raise the hourly minimum wage of its US employees to $25 by 2025. Business Posted 2:53 p.m. May 18, 2021 — Updated 6:17 p.m. May 18, 2021 ...

Bank of America said Tuesday it will raise its minimum hourly wage to $20 over two years. Starting May 1, pay for 22,000 employees at the financial giant will increase to $17 before rising to $20 ...

Bank of America has raised its minimum hourly wage in the United States to $24, it said on Tuesday. The move brings the bank closer to its plan to reach a $25 minimum hourly wage by 2025, as it ...