Wage Increases Undercut Banks’ Push to Cut Costs

American Banker, Oct. 12, 2021–Allissa Kline (subscription)
Even as banks of all sizes face pressure to cut costs, they are hiking minimum wages and paying more to existing employees in an effort to attract and retain workers in an unusually competitive hiring market.
https://www.americanbanker.com/news/wage-increases-undercut-banks-push-to-cut-costs