HSBC Bank USA, N.A. and Affiliates Reduces Prime and Reference Rate
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HSBC Bank USA, N.A. and its affiliates have announced a reduction in their prime and reference rate from 7.75% to 7.50%, effective December 19, 2024. This move could impact borrowing costs and financial products offered by HSBC.
December 19, 2024 | 12:00 am
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HSBC Bank USA, N.A. has reduced its prime and reference rate from 7.75% to 7.50%, which may lower borrowing costs and impact financial products offered by the bank.
The reduction in the prime and reference rate by HSBC Bank USA is likely to lower borrowing costs for customers, potentially increasing demand for loans and other financial products. This could positively impact HSBC's financial performance in the short term.
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