BofA boosts minimum hourly wage to $25

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Dive Brief: Bank of America is boosting its minimum wage to $25 per hour, the Charlotte, North Carolina-based lender said Wednesday. The increase takes effect next month. With the move, the bank reaches a long-held goal to provide a $25 minimum hourly wage by 2025. The increase puts the minimum annualized salary for full-time employees over $50,000, the bank said. ...