This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Dive Brief: Bank of America is boosting its minimum wage to $25 per hour, the Charlotte, North Carolina-based lender said Wednesday. The increase takes effect next month. With the move, the bank reaches a long-held goal to provide a $25 minimum hourly wage by 2025. The increase puts the minimum annualized salary for full-time employees over $50,000, the bank said. ...

A report from Türkiye Today claims The North Face has shifted 80% of its production as a result of escalating costs in Türkiye. These costs have reportedly doubled compared to those of competitors in the Far East. Gelisim Tekstil, previously The North Face's second-largest global producer and its largest within the EU, is allegedly preparing to see a drastic reduction in business. The company will now only get orders valued between €4m ($4.6m) and €5m from The North Face, down from approximately €30m, ac ...