AI-generated summary reviewed by our newsroom. Read our AI Policy. Bank of America is raising its minimum hourly wage to $25 starting in October, the Charlotte-based banking giant announced Wednesday.

Bank of America announces it will raise its minimum hourly wage to $25, bringing the starting annualized salary for U.S. full-time employees to over $50,000.

The world is watching the Federal Reserve like a hawk, hoping for more interest rate cuts following September’s quarter-point ...

JPMorgan Chase & Co. has hired veteran technology dealmaker Kevin Brunner from Bank of America Corp. as a global chair of ...

BofA's CEO says the bank’s workforce strategy and technology investments have allowed it to handle higher volumes without ...

IBM has worked hard in recent years to keep its mainframe franchise attractive to IT managers. The company has made the high-end machines Linux and Java friendly and it has developed ...

Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program.

Sharon Miller, Bank of America's business banking president, reveals why small businesses may have an unexpected advantage in ...