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Webster Financial (NYSE: WBS), the holding company for Webster Bank, N.A., has announced a reduction in its prime lending rate from 8.50% to 8.00%. This change will take effect on September 19, 2024. The decision to lower the prime lending rate could have significant implications for borrowers and the bank’s lending operations.
The prime rate is a key benchmark used by banks to set interest rates for various loan products, including mortgages, personal loans, and credit cards. A decrease in the prime rate typically leads to lower borrowing costs for consumers and businesses, potentially stimulating economic activity and loan demand.
Webster Financial (NYSE: WBS), la holding per Webster Bank, N.A., ha annunciato una riduzione del suo tasso d’interesse primario dall’8,50% all’8,00%. Questa modifica entrerà in vigore il 19 settembre 2024. La decisione di abbassare il tasso d’interesse primario potrebbe avere implicazioni significative per i mutuatari e le operazioni di prestito della banca.
Il tasso primario è un indicatore chiave utilizzato dalle banche per fissare i tassi d’interesse per vari prodotti di prestito, tra cui mutui, prestiti personali e carte di credito. Una diminuzione del tasso primario generalmente porta a un abbassamento dei costi di prestito per i consumatori e le imprese, stimolando potenzialmente l’attività economica e la domanda di prestiti.
Webster Financial (NYSE: WBS), la compañía matriz de Webster Bank, N.A., ha anunciado una reducción en su tasa de interés preferencial del 8.50% al 8.00%. Este cambio entrará en vigor el 19 de septiembre de 2024. La decisión de reducir la tasa de interés preferencial podría tener implicaciones significativas para los prestatarios y las operaciones de préstamo del banco.
La tasa preferencial es un referente clave utilizado por los bancos para establecer las tasas de interés de varios productos de préstamo, incluidos hipotecas, préstamos personales y tarjetas de crédito. Una disminución en la tasa preferencial generalmente conduce a menores costos de endeudamiento para los consumidores y las empresas, estimulando potencialmente la actividad económica y la demanda de préstamos.
웹스터 파이낸셜 (NYSE: WBS), 웹스터 은행(N.A.)의 모회사,가 우대 대출 금리를 8.50%에서 8.00%로 인하한다고 발표했습니다. 이 변화는 2024년 9월 19일부터 시행됩니다. 우대 대출 금리를 낮추기로 한 결정은 차입자와 은행의 대출 운영에 상당한 영향을 미칠 수 있습니다.
우대 금리는 은행이 다양한 대출 상품(주택 담보 대출, 개인 대출 및 신용 카드 포함)의 이자율을 설정하는 데 사용하는 중요한 기준입니다. 우대 금리의 하락은 일반적으로 소비자와 기업의 대출 비용을 낮추어 경제 활동과 대출 수요를 자극할 수 있습니다.
Webster Financial (NYSE: WBS), la société mère de Webster Bank, N.A., a annoncé une réduction de son taux d’intérêt privilégié de 8,50 % à 8,00 %. Ce changement entrera en vigueur le 19 septembre 2024. La décision de diminuer le taux d’intérêt privilégié pourrait avoir des conséquences significatives pour les emprunteurs et les opérations de prêt de la banque.
Le taux privilégié est une référence clé utilisée par les banques pour établir les taux d’intérêt de divers produits de prêt, y compris les hypothèques, les prêts personnels et les cartes de crédit. Une diminution du taux privilégié conduit généralement à des coûts d’emprunt plus bas pour les consommateurs et les entreprises, stimulant potentiellement l’activité économique et la demande de prêts.
Webster Financial (NYSE: WBS), die Holdinggesellschaft der Webster Bank, N.A., hat eine Senkung ihres Primärzinssatzes von 8,50 % auf 8,00 % angekündigt. Diese Änderung tritt am 19. September 2024 in Kraft. Die Entscheidung, den Primärzinssatz zu senken, könnte bedeutende Auswirkungen auf Kreditnehmer und die Kreditvergabe der Bank haben.
Der Primärzinssatz ist ein wichtiger Benchmark, den Banken zur Festlegung der Zinssätze für verschiedene Kreditprodukte, einschließlich Hypotheken, persönliche Darlehen und Kreditkarten, verwenden. Ein Rückgang des Primärzinssatzes führt in der Regel zu geringeren Kreditkosten für Verbraucher und Unternehmen, was potenziell die wirtschaftliche Aktivität und die Nachfrage nach Krediten ankurbeln kann.
Positive
- Lowered prime lending rate by 0.50 percentage points
- Potential increase in loan demand due to lower borrowing costs
- Improved competitiveness in the lending market
Negative
- Potential decrease in interest income for the bank
- Possible compression of net interest margin
STAMFORD, Conn.–(BUSINESS WIRE)– Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., announced today that it has lowered its prime lending rate to 8.00 percent from 8.50 percent, effective September 19, 2024.
About Webster
Webster Financial Corporation (NYSE:WBS) is the holding company for Webster Bank, N.A. Webster is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking and Healthcare Financial Services, one of the country’s largest providers of employee benefits and administration of medical insurance claim settlements solutions. Headquartered in Stamford, CT, Webster is a values-driven organization with $77 billion in assets. Its core footprint spans the northeastern U.S. from New York to Massachusetts, with certain businesses operating in extended geographies. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240918361431/en/
Media Contact:
Alice Ferreira, 203-578-2610
Investor Contact:
Emlen Harmon, 212-309-7646
Source: Webster Financial Corporation
FAQ
What is Webster Financial ‘s new prime lending rate as of September 19, 2024?
Webster Financial (NYSE: WBS) has lowered its prime lending rate to 8.00% from 8.50%, effective September 19, 2024.
How much did Webster Financial (WBS) reduce its prime lending rate?
Webster Financial (WBS) reduced its prime lending rate by 0.50 percentage points, from 8.50% to 8.00%.
When will Webster Financial ‘s (WBS) new prime lending rate take effect?
The new prime lending rate of 8.00% for Webster Financial (WBS) will take effect on September 19, 2024.
What was Webster Financial ‘s (WBS) previous prime lending rate before the reduction?
Webster Financial ‘s (WBS) previous prime lending rate was 8.50% before the announced reduction.
