Banks offer raises, bonuses after Congress passes tax reform bill.

FIFTH Third Bancorp (Company) 006999403 FITB; WELLS Fargo & Co. 006962435 WFC

The article reports on the response of U.S. banks regarding the extra money they will have once a reduction in the corporate tax rate takes effect as the tax bill has passed the U.S. Congress and will be signed by the U.S. president. Topics include the plan of Fifth Third Bancorp to give employees a raise and bonus check, announcement by Wells Fargo to raise its minimum hourly wage to 15 U.S. dollars, and plans of Wells Fargo to donate 400 U.S. dollars to nonprofit organizations in 2018.