Webster Lowers Prime Lending Rate to 7.50 Percent
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Webster Financial Corporation (NYSE: WBS) has announced a reduction in its prime lending rate from 7.75% to 7.50%, effective December 19, 2024. This move could impact borrowing costs and financial strategies for customers of Webster Bank.
December 18, 2024 | 11:30 pm
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Webster Financial Corporation has reduced its prime lending rate to 7.50%, which may affect borrowing costs and financial strategies for its customers.
The reduction in the prime lending rate by Webster Financial Corporation is likely to lower borrowing costs for its customers, potentially increasing loan demand and improving customer satisfaction. This could positively impact the company's financial performance and stock price in the short term.
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