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Bank of America, one of the US’ largest banks, announced on Tuesday that it will be increasing its hourly minimum wage to $25 by 2025.

“A core tenet of responsible growth is our commitment to being a great place to work which means investing in the people who serve our clients,” Sheri Bronstein, chief human resources officer at Bank of America, said in a statement. “That includes providing strong pay and competitive benefits to help them and their families, so that we continue to attract and retain the best talent.”

Along with the wage increase, the details ⇒

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