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The warrants offer a 3.75percentt interest rate when they mature in October.
The interest rate when that editorial was published was 3.7 percent.
Will investors seek a premium interest rate when lending to a bank that obviously fled strong regulation?
The weak report bolstered expectations that the Federal Reserve will cut its benchmark interest rate when policy makers meet this month.
The jobs report all but guarantees that the Fed will cut its benchmark short-term interest rate when its policy-making committee meets on Sept. 18.
LOOKING FOR A RATE CUT The markets are betting that the Federal Open Market Committee will cut its benchmark interest rate when it meets on Tuesday and Wednesday.
Similar(28)
Bond ratings help lenders set interest rates when the state borrows money.
Some raise interest rates when consumers get close to their credit limits.
With inflation tame, the Federal Reserve is not expected to raise interest rates when it meets next week.
But lowering the interest rates when job losses proliferate provides only modest help.
The country was slow to raise interest rates when investors began fleeing the rouble.
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