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News Highlights : Top Financial Services News of the Day 05/19/2021 | 12:16am EDT Send by mail : Message : Bank of America to Raise U.S. Minimum Hourly Wage to $25 by 2025 Just over one year after raising its U.S. minimum wage to $20 an hour, Bank of America said it plans to raise its hourly minimum to $25 by 2025. HgCapital Aims for Up to $1 Billion With Debut Debt Fund HgCapital is pitching a new fund that would provide debt to the private-equity portfolio companies that the London-based firm backs. JPMorgan Puts CEO Contenders in Charge of Consumer Operation JPMorgan Chase is putting two of the contenders vying to succeed CEO Jamie Dimon in charge of its consumer-banking operation, further cementing them as front-runners to lead the U.S. s biggest bank.

United statesHong kongCity ofUnited kingdomJoe salamaJamie dimonDeutsche bank picksDebut debt fundFinancial servicesFinancial services roundupHourly wageCapital aimsWith debut debt fundConsumer operationHead anti financial crime unitCarrick capital partners