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.

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 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 ...

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 (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 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 (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 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 ...