Banks' overall loan rates rose for the first time in three months in November on rising mortgage and corporate lending rates, data showed Monday. The average interest rate on new bank loans came to 4.
While banks are rolling out various special promotional products, savings banks have halted or reduced high-interest deposits, causing deposit rates at banks to surpass those at savings banks.
Brian Moynihan, CEO of Bank of America, spoke with Margaret Brennan on Face the Nation Sunday about inflation, impact of ...
Section 44 of the Banking Act states that “no institution shall increase its rate of banking or other charges except with the ...
The Securities and Exchange Commission’s proposal to impose a 10-percent monthly interest rate cap on unsecured loans of up to P20,000 has revived a debate that global regulators, multilateral ...
The following is the transcript of the interview with Bank of America Chairman and CEO Brian Moynihan that aired on "Face the ...
Bond markets may keep long-term rates elevated in 2026 even as the Fed cuts rates, limiting relief for homebuyers and businesses.