Trump plan to cap credit card costs hits bank shares
Source: BBC
Shares in banks and credit card firms have fallen after US President Donald Trump called for credit card costs to be capped.On Friday, Trump wrote on Truth Social that interest rates on cards should be limited to 10% for one year from 20 January. He did not specify how such a cap might be introduced or whether such a move would be legally enforceable. UK bank Barclays, which has a sizeable US card business, saw…
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