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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jun 26, 1972
Page
8
Banks including Bank of America announce higher lending rates as financial markets react to tightened policy. The report notes a broader move by major lenders, reflecting a surge in prime rates and borrowing costs across consumer and business segments.
Bank of America and other large lenders report pressure on commercial lending rates as the prime rate climbs. Analysts foresee a possible peak near 6 percent this year, while auto and consumer loan costs may rise slowly.
An unclear OCR snippet hints at counts and prices but lacks coherent details. It mentions counts and prices in fragmented form with names or terms that are unreadable, providing no concrete entities, dates, or events to anchor a usable news item.
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