SQUAWK/NEWS
Account
Theme
Account
Menu
Live News RATES ARTICLE M impact

BNY raises prime lending rate to 7.00% from 6.75%

BNY said it will increase the Prime Lending Rate effective Thursday, Sept. 17, 2026, raising it to 7.00% from 6.75%.

BNY
SquawkNews Desk

NEW YORK, Sept. 16, 2026 — The Bank of New York Mellon Corporation ("BNY") (NYSE:BNY) said it will lift its Prime Lending Rate by 0.25%, taking it to 7.00% from 6.75%, effective Thursday, September 17, 2026. About BNYBNY is a global finan…

Related stories

HUDCO and PFC Raise Funds Through Bond Sales Three issuances raised a combined 8,441 crore on Friday. HUDCO raised 2,500 crore through 10-year bonds, while PFC accepted 2,968 crore for 18-month bonds and 2,973 crore. L impact | RATES | Nov 14, 2026, 04:12 AM UTC Treasury Yields Rise as Inflation Fears Lift Rate Expectations Treasury yields rose during a week when renewed inflation fears lifted expectations for higher interest rates. Softer-than-expected wholesale inflation did little to offset a surpr M impact | RATES | Nov 13, 2026, 10:17 PM UTC Fed Says Hedge Fund Leverage Highest Since 2013 The Fed says vulnerabilities tied to financial leverage remain “notable.” M impact | RATES | Nov 13, 2026, 09:00 PM UTC New York Fed Staff Keeps Q4 GDP Nowcast at 2.9% The New York Fed staff estimate is unchanged from last week after the latest economic reports. H impact | RATES | Nov 13, 2026, 06:26 PM UTC Fed's Daly says housing supply is constrained as builders scale back San Francisco Fed President Mary Daly said higher costs and rates are prompting builders to scale back, leaving insufficient housing; she said 2% inflation would help. M impact | RATES | Nov 13, 2026, 05:56 PM UTC U.S. and Eurozone Bond Yields Rise as Fed Rate Expectations Stay Strong Bond yields rose in Europe and the U.S. on Friday. The 10-year Treasury yield increased 2.4 basis points to 5.133%, from Thursday's 5.102% settlement. M impact | RATES | Nov 13, 2026, 05:52 PM UTC