The bank increased its hourly minimum wage from $15 to $17 an hour in 2019. At $25 a hour, a full-time employee working 40 hours a week would earn $52,000 annually.

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.

A Bank of America logo is pictured in the Manhattan borough of New York City, in January 2019. Bank of America has raised its minimum hourly wage in the United States to $24, it said today.

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 (BAC) has announced its plans to raise the company's minimum hourly wage to $23 in October. The objective is to achieve a minimum employee wage of $25 by the year 2025. Currently ...

When the pay bumps first began in 2018, Bank of America committed itself to raising minimum wage to $25 by 2025. In the time since, the minimum salary for full-time employees has risen nearly $20,000.

Bank of America announced Sept. 10 it raised its U.S. minimum wage to $24 per hour. The move brings the financial institution a step closer to its commitment of $25 per hour minimum wage by 2025.

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 ...

Sept 10 (Reuters) - Bank of America (BAC.N), opens new tab 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 ...

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 on Tuesday. The move brings the bank closer to its plan to reach a $25 minimum hourly wage by 2025, as it ...