Skip to: Content
Skip to: Site Navigation
Skip to: Search


Bankers Trust drops prime rate to 15%

By WITH ANALYSIS FROM MONITOR CORRESPONDENTS AROUND THE WORLD, EDITED BY RUTH WALKER / January 3, 1980



New York

Bankers Trust Company dropped its prime rate a quarter point Wednesday, joining Citibank at the 15 percent level. "The lowering of the prime rate reflects reductions in our own cost of funds and mounting evidence of slowing in the US economy," the Bankers Trust chairman, Alfred Brittain III, said. Citibank's prime rate has been 15 percent since mid-December.

Skip to next paragraph