US interbank lending rates in tight range as G7 meets in Rome
US interbank lending rates remaining within a tight range on Friday as the G7 meets in Rome to discuss a wide range of topics from fiscal stimulus and protectionism to coordinated regulation of the global financial system.
US Bancorp announced it will lower its prime lending rate to 6.50 percent from 7.25 percent, effective after the close of business today, January 22, 2008, at all US Bank locations.