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Interest rate war widens as banks woo savers
A burgeoning interest rate battle shifts to savers and borrowers. Congress debates limits while the Fed weighs actions on speculative lending. Major banks and savings institutions raise yields to attract funds, sparking concerns about home building and loan accessibility.
MENTIONED IN THIS ARTICLE
Sam Dawson
Wrk
Congress
House Banking Committee
Federal Reserve Board
Fed
Savings and Loan
New York City
California
Monetary Authorities