As per reports, U.S. bank JPMorgan Chase & Co (JPM) has raised its prime lending rate by 75 basis points to 4.75%, that was effective 16th June 2022. The move follows the Federal Reserve’s decision to raise its target interest rate by three-quarters of a percentage point, the biggest by the U.S. central bank since 1994, to control inflation.
JPMorgan Chase & Co (JPM) is a global financial service leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset management, and commercial banking. To learn more about JPMorgan Chase & Co. (JPM) and to continue to track its progress please visit the Vista Partners JPMorgan Chase & Co. Coverage Page.
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