For the Record (5)
August 5, 1980
Chemical Bank of New York raised its prime lending rate to 11 percent Monday, from 10 3/4 percent, breaking a three-month trend of declines from a record high of 20 percent in April.
Chemical Bank of New York raised its prime lending rate to 11 percent Monday, from 10 3/4 percent, breaking a three-month trend of declines from a record high of 20 percent in April.