Discover how reference rates like the SOFR and prime rate serve as benchmarks for setting interest rates, and explore their impact on mortgages and financial contracts.

Canada’s largest banks are moving into 2026 with sharply different expectations for where interest rates will land, ...

The Bank of Japan moved to slow inflation as the prime minister is borrowing more to fund an ambitious effort to build up ...

TOKYO, July 31 (Reuters) - Japan's largest lender Mitsubishi UFJ Bank will raise its short term prime lending rate for the first time in 17 years after the Bank of Japan hiked short term interest ...

City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $93 billion in assets as of July 31, 2025. Founded in 1954, City National provides ...

Bank of Japan policy board member Hajime Takata called for an interest-rate increase, saying that tariff-related concerns have eased and that the central bank’s inflation goal is nearly met. “I have ...

"For years up to this day, the nation’s largest banks appear to have fixed their prime rates," Patrick McGahan of Scott + Scott, counsel for the plaintiffs, claimed. A nationwide class action accuses ...

TOKYO -- The Japanese government is finalizing a fiscal 2026 draft budget totaling around 122.3 trillion yen ($785 billion), ...

It comes as new PM Sanae Takaichi is keen for inflation to fall but also needs low government borrowing costs.

City National Bank, member FDIC, is a subsidiary of Royal Bank of Canada (RBC), and the largest bank headquartered in Los Angeles with $98 billion in assets as of October 31, 2025. Founded in 1954, ...