For the Record (2)

Chase Manhattan, the third-largest US bank, dropped its prime lending rate to 19 from 19.5 percent. Last week 10 major banks across the nation dropped their prime rates from a record 20 percent to 19.5 amid signs the United States was entering economic recession.

of stories this month > Get unlimited stories
You've read  of  free articles. Subscribe to continue.

Unlimited digital access $11/month.

Get unlimited Monitor journalism.