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New York bank cuts prime rate to 9 percent
Bankers Trust, the eighth largest U.S. commercial bank, says it lowers its prime rate by four percentage points to 9 percent. First National Bank in St. Louis follows, signaling an industrywide move. Cleveland Trust also reduces to 9 percent, amid a year of easing monetary policy after a steep 1973 rise.
MENTIONED IN THIS ARTICLE
NEW York Stock Exchange
PBS
SBS
Ieee
Ae Fergeth
Euler
Bk Neon
Ulatemren
Uae
York
Tye
Mlaid
New York
Bankers Trust
First National Bank
St. Louis
Cleveland Trish Co
Ohio