BofA Announces $22 Per Hour Minimum Wage, Targets Hourly $25 Pay in 3 Years
(Bank of America) Bank of America has increased its minimum pay per hour to $22 from $21, effective at the end of June. The bank says the latest increment sets…
BofA Refutes the Idea of Bitcoin as an Inflation Asset, Terms It as a Risk Asset
(CoinDesk) Bank of America says Bitcoin cannot be an inflation hedge until it sheds off the volatilities, which are still elevated compared to Gold and major stock indices. BofA says…
BofA Takes Employees’ Affairs a Notch Higher with Minimum Wage Increment to $25
Bank of America will increase hourly minimum wage to $25 by 2025 for its American employees, according to CNN Business. The bank aims to maintain “a great standard of living”…
BofA Profit More than Doubles YOY on Trading Strengths and Reserve Release
Bank of American reported a net income of $8.1 billion in the first quarter of 2021, up from $4.0 billion in the comparable quarter of 2020, according to the company’s…