Reuters

Truist lowers prime lending rate in tandem with Fed's rate cut

By Reuters,

2024-09-18

https://img.particlenews.com/image.php?url=0Mo5PH_0vb8p17R00

(Reuters) - Truist Financial said on Wednesday that the bank has lowered its prime lending rates by 50 basis points to 8%, effective Thursday, matching the U.S. Federal Reserve's rate cut.

(Reporting by Pritam Biswas in Bengaluru; Editing by Shounak Dasgupta)

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