Joining us now, former National Economic Council Director and IBM Vice Chair Gary Con to break this all apart and then try and put it back together again. We just got this breaking news. JP Morgan has just lowered its prime lending rate to 7.25%. That's usually what happens when there is a Fed rate cut, but rates are coming down. That's what President Trump has wanted. >> Well, the front end of the curve is coming down. >> You just pointed out that the Fed funds rate is the overnight rate for banks. And in ...

Key insight: Bank stocks rose Wednesday after the Fed announced plans to cut the federal funds interest rate by one-quarter of a percentage point.What's at stake: Banks' net interest income could be negatively affected by the cut, but loan growth could help offset such a decline.Expert quote: Fed Chair Jerome Powell said the board hasn't decided about future rate cuts. "Some supported more cuts and some didn't," he said Wednesday.Bank stocks edged upward Wednesday after the Federal Reserve's first interest- ...

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) announced today that Citizens Bank, N.A. has decreased its prime lending rate to 7.25 percent from 7.50 percent, effective Thursday, September 18, 2025. About Citizens Financial Group, Inc. Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $218.3 billion in assets as of June 30, 2025. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail. ...

Major U.S. lenders lowered a key interest rate on Wednesday, providing U.S. consumers a reprieve on borrowing costs, after the Federal Reserve cut interest rates for the first time this year. ...

CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank, National Association (Nasdaq: FITB) today announced it will decrease its prime lending rate to 7.25%, effective immediately. The rate was last changed on December 18, 2024, when Fifth Third decreased its prime lending rate from 7.75% to 7.50%. About Fifth Third Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services. ...