Wells Fargo, Fifth Third Bancorp unveil minimum wage hikes after tax bill passage

Fifth Third Bank to give bonuses, raise minimum wage after tax bill passage from CNBC.

Fifth Third Bancorp will pay more than 13,500 employees a bonus and raise the minimum wage of its workforce to $15 an hour after the passage of the Republican tax plan that will cut the bank's corporate tax rate. Fifth Third is yet another company to announce a bonus for employees because of the tax plan. AT&T said earlier Wednesday that it would pay more than 200,000 U.S. employees $1,000 each and increase its capital spending budget by $1 billion.-- More...