Banks already “paying it forward”
January 22nd, 2008 | No commentsIt looks good on paper. The Fed lowered rates 75 bips, and as you might guess the banking stocks rallied soon thereafter. It makes perfect sense – they’re getting cheaper money, which is supposed to help margins. Hours later there’s another move afoot – “emergency” prime rate reductions. Both M & T and National City [...]
Posted in Office |
Tags: banks, home loans, prime lending rate |
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