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Bank of America Raises Minimum Wage to $25 an Hour

May 18, 2021

Via: TheStreet

Bank of America (BAC) – Get Report said Tuesday that it was raising its minimum wage to $25 an hour, joining the raft of major companies that have recently boosted their starting pay.

The Charlotte financial-services giant in March 2020 had lifted its minimum wage to $20 an hour from $17.

Bank of America also said on Tuesday that all its U.S. vendors are now required to pay their employees dedicated to the bank at least $15 per hour.

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