J.P. MORGAN <JPM> INCREASES PRIME RATE
J.P. Morgan and Co Inc said it is
raising its prime lending rate to 7-3/4 pct from 7-1/2 pct,
effective today.
    Most major U.S. banks are now posting a 7-3/4 pct rate.
Citibank was the first to announce an increase on Tuesday.
 Reuter
