JPMorgan, Citigroup to hike prime rate by 75 bps mirroring Fed’s move
(Reuters) – Major U.S. banks JPMorgan Chase Co and Citigroup Inc said on Wednesday they will hike their prime lending rates by 75 basis points, bringing the rates to their highest since the global financial crisis of 2008.
JPMorgan, Citigroup to hike prime rate by 75 bps mirroring Fed’s move
(Reuters) – Major U.S. banks JPMorgan Chase Co and Citigroup Inc said on Wednesday they will hike their prime lending rates by 75 basis points, bringing the rates to their highest since the global financial crisis of 2008.