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JPMorgan raises wages as part of $20B investment

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JPMorgan Chase announced Tuesday plans to give pay raises to 22,000 U.S. employees in the company's branches and customer service centers.

The move is part of a $20 billion investment in light of the company's expected tax windfall.

Hourly wages will go up to between $15 and $18 from a range of $12 and $16.50.

The $20 billion investment plans also call on the opening of 400 new branches and the hiring of 4,000 more employees.

Read more from Business Insider.

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