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The FINANCIAL Bank of America announced it has raised its U.S. minimum hourly wage to $21 as a next step in the company’s plans to increase to $25 by 2025. In May, the company also announced that all of its U.S. vendors are now required to pay their employees dedicated to the bank, at or above $15 per hour. This builds on the company’s history of being a leader in establishing a minimum rate of pay for its U.S. hourly employees. In the last four years, Bank of America raised the minimum hourly wage to $15 in 2017; in 2019The FINANCIAL Bank of America announced it has raised its U.S. minimum hourly wage to $21 as a next step in the company’s plans to increase to $25 by 2025. In May, the company also announced that all of its U.S. vendors are now required to pay their employees dedicated to the bank, at or ► The FINANCIAL BANKS

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