SAN - Barclays to boost minimum wage to 'at least' $20.50 for U.S. colleagues

U.K.-based Barclays (NYSE:BCS) said Thursday it'll increase its minimum hourly wage in the U.S., a move that will benefit over 900 colleagues and start in March. The new rate will increase to "at least" $20.50 per hour, up from $17.00 per hour, the lender said. “Being an employer of choice and retaining top talent with competitive pay, robust benefits and career development opportunities is especially crucial as we look to significantly grow our footprint in the US,” said Barclays U.S. Consumer Bank CEO Denny Nealon.  On Wednesday, Spain's Banco Santander (SAN) also hiked its minimum wage to $20.

For further details see:

Barclays to boost minimum wage to 'at least' $20.50 for U.S. colleagues