Banks rush to increase prime rates after Fed’s big hike
Banks rush to increase prime rates after Fed’s big hike
Abstract
Major banks rushed to raise their prime lending rates Wednesday after the Fed's rate-setting committee voted for its largest hike since 1994. The banks included Wells Fargo, U.S. Bancorp, Truist Financial, PNC Financial Services Group, KeyCorp, M&T Bank, Citizens Financial Group, Regions Financial, BMO Harris Bank and Webster Financial. The decision was nearly unanimous. Only Kansas City Fed Gov. Esther George. George voted against the move.
You can contact us to get more choices
