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Prime Rate

QUOTE AND NEWS
Bank of Ghana leaves prime rate unchanged at 15 pct
Reuters  Sep 12  Comment 
The rate-setting committee of the Bank of Ghana decided on Wednesday to keep its prime interest rate unchanged at 15 percent, acting bank Governor Henry Kofi Wampah told a news conference.
Preferred shares: How to navigate rising rates
The Globe and Mail  May 5  Comment 
Floating rate preferreds sound like the ideal answer because their dividends are tied to the major banksÂ’ prime rate
TEXT-Fitch on Federated Investors, Prime Rate deal
Reuters  Apr 19  Comment 
April 19 - Fitch Ratings says that the completion of the acquisition of Prime Rate by Federated Investors, Inc. (Federated) supports the 'AAAmmf' ratings assigned to the Prime Rate Capital Management...




more ▼WIKI ANALYSIS
 


The Prime Rate is the base rate that banks use in pricing commercial loans to their best creditworthy customers. This rate is posted by a majority of top 25 (by assets in domestic offices) insured U.S.-chartered commercial banks. This rate is affected by the Federal Reserve's decision to raise or lower prevailing interest rates for short-term borrowing.

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