Wells Fargo to raise minimum wage in most markets ahead of Congressional hearings

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Wells Fargo said Wednesday it will raise its minimum wage in most of its U.S. markets by the end of the year, the latest in a flurry of employee and customer benefits the bank has announced ahead of two Congressional hearings on the bank next week.The minimum wage hike will correspond to the cost-of-living in respective markets. Employees in New York and San Francisco, the most-expensive tier of cities, will see a $5 per hour raise to $20 an hour.One tier below, Wells workers in Washington D.C. have a minimum wage of $18 an hour, and below that are Charlotte and Des Moines at $16 an hour.The c…

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