BofA to increase minimum wage to $20 an hour over two years

BANK OF AMERICA CORP. plans to raise its minimum wage to $20 an hour over two years. / BLOOMBERG NEWS FILE PHOTO/JIN LEE
BANK OF AMERICA CORP. plans to raise its minimum wage to $20 an hour over two years. / BLOOMBERG NEWS FILE PHOTO/JIN LEE
NEW YORK - Bank of America Corp., the second-biggest U.S. lender, plans to raise its minimum wage to $20 an hour over two years. The baseline will rise to $17 on May 1 and then to $20 in 2021, the Charlotte, North Carolina-based lender said Tuesday in a statement. Bank of America has more than…

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