The prime rate was cut to 12.5 percent Thursday by the First national Bank of Greater Miami. Although no major banks followed the move, several, including Bankers Trust and Security Pacific Bank, trimmed their rates to 13 percent.
The prime rate was cut to 12.5 percent Thursday by the First national Bank of Greater Miami. Although no major banks followed the move, several, including Bankers Trust and Security Pacific Bank, trimmed their rates to 13 percent.
