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 ...

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 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 (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 is raising its minimum wage to $24 per hour, getting a step closer to the company’s goal of increasing it to $25 per hour by 2025, the U.S. lender announced on Tuesday. The bank ...

Bank of America Corp. will boost its hourly minimum wage to $23 this fall. It marks another step in the company’s ongoing plan to reach a minimum wage of $25 per hour by 2025.

The bank’s goal is to reach a minimum wage of $25 an hour by 2025. For some context, the national minimum wage is only $7.25, but in states that have a higher minimum wage, employers must honor ...

Bank of America’s new per-hour minimum wage will be $15.75 higher than the $7.25 per hour required by federal law for non-tipped workers. The federal minimum wage has remained flat since 2009.

The move to $24 per hour would boost the bank’s lowest annual salaries to about $50,000, the bank said. If Bank of America hits its $25-per-hour goal next year, its minimum hourly wage will have ...