
NEW YORK, NY – APRIL 16: A sign for a Bank of America branch is viewed on April 16, 2014 in New York City. As the nation’s second-largest bank continues…
pencer Platt/Getty ImagesBank of America officials announced Monday the company’s minimum wage for U.S. employees will increase to $22 an hour starting at the end of June.
The bank moves closer to making good on a promise to pay a minimum wage of $25 an hour by 2025. The current minimum salary there is $21 an hour. Company officials say they continue to work to attract and retain the best talent by offering competitive pay, industry-leading benefits and resources for physical, emotional and financial well-being.
Thanks to Mary Liz Nolan of WGAC for the story.