Industry giants JPMorgan and Bank of America are implementing new measures to curb excessive working hours for junior bankers.

Bank of America is hiking its base pay starting next month and plans to further lift the company's minimum wage in 2025.

Bank of America is raising its minimum wage to $24 per hour, getting a step closer to the company’s goal of increasing it to $25 per hour by 2025, the U.S. lender announced on Tuesday.  The bank

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