Big banks join shift to a lower prime rate

Several big banks today joined the trend to a 20 percent prime rate, cutting their base rate on business loans by half a percentage point. Banking industry officials and Wall Street analysts had expected the moves in view of declining short-term interest rates in the money markets, an important source of funds for major banks.

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK