CINCINNATI, OHIO -Fifth Third Bancorp announced plans to raise its minimum hourly wage for all employees to $15 and distribute a one-time bonus of $1,000 for more than 13,500 employees.
This happening within hours after Congress passed a $1.5 trillion package of tax cuts and sent it to President Trump's desk on Wednesday.
That announcements came as Comcast and AT&T each said they'll pay out $1,000-apiece bonuses to employees.
Fifth Third Bank, is the 27th largest bank in the United States by total assets
CNBC: Fifth Third Bancorp announces plan “to raise its minimum hourly wage for all employees to $15, and distribute one-time bonus of $1,000 to more than 13,500 employees” due to passage of GOP tax bill pic.twitter.com/MxiMvJZXS7— Josh Caplan (@joshdcaplan) December 20, 2017
Wells Fargo too....
CNBC: Wells Fargo to raise minimum hourly wage to $15, target $400 million in 2018 philanthropic contributions to support small businesses and homeownership due to historic GOP tax reform pic.twitter.com/b7p5w6x8xI— Josh Caplan (@joshdcaplan) December 20, 2017