Bank of America to raise U.S. minimum hourly wage to $25 by 2025

(Reuters) – Bank of America said on Tuesday it will raise its U.S. minimum hourly wage to $25 by 2025.

In March 2020, the bank raised its minimum wage to $20 per hour.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Ramakrishnan M.)