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Wells Fargo Boosts Minimum Wage in Most of Its U.S. Markets

A Wells Fargo & Co. bank branch in Moline, Illinois.

A Wells Fargo & Co. bank branch in Moline, Illinois.

Photographer: Daniel Acker/Bloomberg

Wells Fargo & Co. said it will boost the minimum wage it pays employees in most U.S. locations, with the announcement coming the week before its top leaders testify on Capitol Hill.