JPMorgan lowers benchmark interest rate following Fed rate cut
The largest U.S. bank by
assets, JPMorgan Chase & Co, lowered its prime rate, a
benchmark for a wide range of consumer and commercial loans, for
the first time in more than a decade on Wednesday, following a
rate cut from the Federal Reserve.
assets, JPMorgan Chase & Co, lowered its prime rate, a
benchmark for a wide range of consumer and commercial loans, for
the first time in more than a decade on Wednesday, following a
rate cut from the Federal Reserve.
Posted by Reuters