BofA raises US minimum hourly wage to $25, delivering on 2021 commitment

(Reuters) -Bank of America raised its minimum hourly wage to $25 per hour across the United States, the lender said on Wednesday, fulfilling its 2021 pledge to meet the threshold. The second-largest U.S. bank has increased its minimum hourly pay by nearly 67% since 2018. The company was most recently paying a minimum wage of $24 per hour. With the latest increase, the minimum annualized salary for full-time BofA employees in the United States will exceed $50,000, the bank said. The move comes at a chall ...