Brian Moynihan, CEO, Bank of America
Scott Mlyn | CNBC
Bank of America decided to move up an increase in the company’s minimum to early 2020 from 2021.
The company announced Monday that its workers will earn a minimum of $20 per hour starting by the end of next year’s first quarter.
Bank of America’s decision to move up the wage hike is “part of the company’s commitment to delivering sustainable, responsible growth by being a great place to work,” according to a statement.