BNY Mellon will decrease the prime lending rate by 0.50%, from 8.50% to 8%, effective Thursday, September 19.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BK:
- BNY Mellon to acquire Archer
- BNY to Acquire Archer, a Leading Provider of Managed Account Solutions to the Asset and Wealth Management Industry
- CFTC orders BNY Mellon to Pay $5M for swap reporting and supervision failures
- Warren’s Berkshire Trims Stake in Bank of America
- BNY Mellon price target raised to $66 from $63 at Deutsche Bank