Bloomberg Swiss lawmakers will debate whether banking regulations should be tightened when a parliamentary committee sits to discuss the losses suffered by lenders in the collapse of Archegos Capital Management LP, SonntagsZeitung reported. The conduct of Credit Suisse AG, the biggest loser to emerge from the blowup of Archegos, will be among the topics at the meetings, the newspaper reported. …

Bloomberg Bank of America Corp (BofA) will boost its minimum hourly wage to $25 an hour by 2025 from a current $20, according to its Chief Executive Officer Brian Moynihan. The move follows four years of pay increases that brought the company’s minimum wage to an hourly $20 in 2020 from $15. The Charlotte, North Carolina-based lender will also require …

Bloomberg JPMorgan Chase & Co, the biggest funder of fossil-fuel companies globally, is pledging a 35% reduction in “operational carbon intensity” for its oil and gas portfolio by the end of this decade. The commitment is among steps announced by the largest US bank, which agreed last year to align its financing activities with the United Nations’ Paris climate agreement. …