Fifth Third Bancorp (NASDAQ: FITB) and Wells Fargo & Co. (NYSE: WFC) announced Wednesday they will increase their minimum hourly wage for employees to $15 an hour, in light of the Republican tax plan that cuts corporate tax rates. Fifth Third will also give 13,625 employees a one-time bonus of $1,000, which will be paid out by the end of the year as long as President Donald Trump signs the tax plan into law by then. About one in six of Fifth Third’s employee base, or roughly 3,000...
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