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Wednesday, December 17, 2008

Regions Bank reduces prime rate after Fed action

Regions Bank reduces prime rate after Fed action
"...Regions Financial Corp., the biggest bank in Alabama, said it is reducing its prime interest rate to 3.25 percent. The move follows the Federal Reserve's decision to reduce its main short-term interest rate to between zero and 0.25 percent, a dramatic action meant to shore up a weakening U.S. economy. ..."
Reference: al.com

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