BofA, Wachovia drop prime lending rates

Story date: 2008-01-31 01:34:00
Added on: 2008-01-31 17:57:48

Sacramento Business Journal - Wachovia Corp. and Bank of America Corp. have reduced their prime interest rates to 6 percent from 6.5 percent. The cut comes after the Federal Reserve lowered the federal funds rate 0.5 percent to 3 percent Wednesday afternoon, as recession fears ...


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