{"id":795963,"date":"2024-12-18T16:49:01","date_gmt":"2024-12-18T21:49:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-bank-decreases-prime-rate-to-7-50-percent\/"},"modified":"2024-12-18T16:49:01","modified_gmt":"2024-12-18T21:49:01","slug":"wells-fargo-bank-decreases-prime-rate-to-7-50-percent","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-bank-decreases-prime-rate-to-7-50-percent\/","title":{"rendered":"Wells Fargo Bank Decreases Prime Rate to 7.50 Percent"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Wells Fargo Bank Decreases Prime Rate to 7.50 Percent<\/b><\/p>\n<p>SAN FRANCISCO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nWells Fargo Bank, N.A., said today it is decreasing its prime rate to 7.50 percent from 7.75 percent, effective tomorrow, Dec. 19, 2024.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20241218703906\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241218703906\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241218703906\/en\/2336126\/4\/WF_Exterior2_810x455.jpg\" alt=\"Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)\" \/><\/p>\n<p style=\"font-size:85%\">Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)<\/p>\n<\/div>\n<p><b>About Wells Fargo<\/b><\/p>\n<p>\nWells Fargo &amp; Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth &amp; Investment Management. Wells Fargo ranked No. 34 on Fortune\u2019s 2024 rankings of America\u2019s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fstories.wf.com%2F%3Fcid%3Dtwnav&amp;esheet=54168962&amp;newsitemid=20241218703906&amp;lan=en-US&amp;anchor=Wells+Fargo+Stories&amp;index=1&amp;md5=45490db8bc646d7dc35cd302f336ec2b\">Wells Fargo Stories<\/a>.<\/p>\n<p>\nAdditional information may be found at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.wellsfargo.com&amp;esheet=54168962&amp;newsitemid=20241218703906&amp;lan=en-US&amp;anchor=www.wellsfargo.com&amp;index=2&amp;md5=eea5616679de830eeeeb1d47ed4c344c\">www.wellsfargo.com<\/a><\/p>\n<p>\nLinkedIn: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fwellsfargo&amp;esheet=54168962&amp;newsitemid=20241218703906&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fwellsfargo&amp;index=3&amp;md5=8574da302ba846a55e9ece3d0fc31735\">https:\/\/www.linkedin.com\/company\/wellsfargo<\/a><\/p>\n<p><b>News Release Category: <\/b>WF-CF<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241218703906r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20241218703906\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241218703906\/en\/<\/a><\/span><\/p>\n<p><b>Media<br \/>\n<\/b><br \/>Beth Richek, 980-308-1568<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Beth.Richek@wellsfargo.com\">beth.richek@wellsfargo.com<\/a><\/p>\n<p><b>Investor Relations<br \/>\n<\/b><br \/>John Campbell, 415-396-0523<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:john.m.campbell@wellsfargo.com\">john.m.campbell@wellsfargo.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Personal Finance Finance Banking Professional Services Asset Management<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20241218703906\/en\/2336126\/3\/WF_Exterior2_810x455.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Wells Fargo Bank Decreases Prime Rate to 7.50 Percent SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Wells Fargo Bank, N.A., said today it is decreasing its prime rate to 7.50 percent from 7.75 percent, effective tomorrow, Dec. 19, 2024. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20241218703906\/en\/ Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo) About Wells Fargo Wells Fargo &amp; Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth &amp; Investment &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-bank-decreases-prime-rate-to-7-50-percent\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Wells Fargo Bank Decreases Prime Rate to 7.50 Percent&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-795963","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wells Fargo Bank Decreases Prime Rate to 7.50 Percent - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-bank-decreases-prime-rate-to-7-50-percent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wells Fargo Bank Decreases Prime Rate to 7.50 Percent - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Wells Fargo Bank Decreases Prime Rate to 7.50 Percent SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211; Wells Fargo Bank, N.A., said today it is decreasing its prime rate to 7.50 percent from 7.75 percent, effective tomorrow, Dec. 19, 2024. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20241218703906\/en\/ Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo) About Wells Fargo Wells Fargo &amp; Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth &amp; Investment &hellip; Continue reading &quot;Wells Fargo Bank Decreases Prime Rate to 7.50 Percent&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-bank-decreases-prime-rate-to-7-50-percent\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-18T21:49:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20241218703906\/en\/2336126\/4\/WF_Exterior2_810x455.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-fargo-bank-decreases-prime-rate-to-7-50-percent\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-fargo-bank-decreases-prime-rate-to-7-50-percent\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Wells Fargo Bank Decreases Prime Rate to 7.50 Percent\",\"datePublished\":\"2024-12-18T21:49:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-fargo-bank-decreases-prime-rate-to-7-50-percent\\\/\"},\"wordCount\":274,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-fargo-bank-decreases-prime-rate-to-7-50-percent\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20241218703906\\\/en\\\/2336126\\\/4\\\/WF_Exterior2_810x455.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-fargo-bank-decreases-prime-rate-to-7-50-percent\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wells-fargo-bank-decreases-prime-rate-to-7-50-percent\\\/\",\"name\":\"Wells Fargo Bank Decreases Prime Rate to 7.50 Percent - 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This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20241218703906\/en\/ Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo) About Wells Fargo Wells Fargo &amp; Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth &amp; Investment &hellip; Continue reading \"Wells Fargo Bank Decreases Prime Rate to 7.50 Percent\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-bank-decreases-prime-rate-to-7-50-percent\/","og_site_name":"Market Newsdesk","article_published_time":"2024-12-18T21:49:01+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20241218703906\/en\/2336126\/4\/WF_Exterior2_810x455.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-bank-decreases-prime-rate-to-7-50-percent\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-bank-decreases-prime-rate-to-7-50-percent\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Wells Fargo Bank Decreases Prime Rate to 7.50 Percent","datePublished":"2024-12-18T21:49:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-bank-decreases-prime-rate-to-7-50-percent\/"},"wordCount":274,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-bank-decreases-prime-rate-to-7-50-percent\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20241218703906\/en\/2336126\/4\/WF_Exterior2_810x455.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-bank-decreases-prime-rate-to-7-50-percent\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/wells-fargo-bank-decreases-prime-rate-to-7-50-percent\/","name":"Wells Fargo Bank Decreases Prime Rate to 7.50 Percent - 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