financialsector

Bank of America Raises Minimum Wage to $24 per Hour

4 months ago

Bank of America has announced an increase in its minimum wage to $24 per hour as part of a plan to reach $25 per hour by next year. This significant raise is aimed at attracting and retaining talented employees in the current competitive labor market. Now, over 90% of the bank's employees will earn above this minimum threshold.

Kazakhstan Considers Heftier Taxes on Banks Amid Budget Shortfall

5 months ago

Kazakhstan, facing a significant budget shortfall, is initiating discussions on increasing taxes on financial institutions. This move is aimed at attracting additional revenue for the government and improving the country’s financial position. Finance Minister Rustam Amangeldiev emphasized that in light of current economic realities, it is essential to reassess the tax policy, particularly concerning banks that possess substantial financial resources.