PNC Financial Services Group Inc (NYSE: PNC) has said that it has raised its prime lending rate
Bank of America Corporation (NYSE:BAC) revealed on Thursday an increase in its prime lending rate
with immediate effect.
75 percent, while the prime lending rates
also saw a similar reduction to 18.
The long-term prime lending rate
is charged on loans of one year or longer to lenders' most creditworthy corporate borrowers.
The cut in the long-term prime lending rate
follows a fall to 1.
Banks lower their prime lending rate
to 9 1/4 per cent.
Bancorp last announced a change in its prime lending rate
on October 29, 2008, when it was decreased 50 basis points to 4.
Fifth Third Bancorp (NASDAQ: FITB) has said that it has increased its prime lending rate
M2 EQUITYBITES-December 22, 2015-KeyCorp raises prime lending rate
The move is expected to help all those borrowers whose home loans are linked to the prime lending rate
which is as high as 14.
BE), has said that it will increase its long-term prime lending rate
for April to 1.
It is with great pleasure that we announce that our prime lending rate
and home loan base rate will be dropped by 1 % to 11.