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Some institutions, such as Amalgamated Bank in New York, are voluntarily raising wages for tellers and other workers, while banks in cities such as Seattle and Los Angeles are being forced to pay more by municipal ordinances.
September 3 -
At Citigroup and Wells Fargo, shareholder proposals to disclose more about lobbying garnered double-digit percentages of the vote. PNC basked in environmentalists' admiration after agreeing to leave business on the table.
April 28 -
With nearly a third of bank tellers on public assistance nationwide, labor advocates are pushing banks to increase pay for workers at the low end of the spectrum.
May 5
Bank employees in Los Angeles staged a protest Monday against low wages and what the group calls "improper working conditions."
The rally, organized by the Committee for Better Banks, a coalition of community labor groups, is looking to increase attention on unfair wages for branch employees, the lowest-paid workers who also have the most customer-facing roles. About 74% of U.S. bank tellers earn
Protesters are also seeking to highlight high-pressure sales goals and a lack of training that they claim prevent staff from adequately serving customers.
Dozens of bank tellers, personal bankers and call center workers were expected to attend the protest, said Renata Pumarol, a representative for New York Communities for Change. Community members were also asked to participate.
The march, which began at the JPMorgan Chase/BNY Mellon building, targeted major banks in the area, including Wells Fargo, Bank of America and U.S. Bancorp.
Pumarol framed the significance of Los Angeles, noting that the area has a significant number of residents who suffered foreclosures. The city also filed a lawsuit in May against Wells Fargo for allegedly opening
