Banks and Credit Card Firms See Shares Fall as Trump Calls for Interest Rate Cap
ByAinvest
Monday, Jan 12, 2026 7:06 am ET1min read
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US President Donald Trump proposed capping credit card interest rates at 10% for one year from 20 January. The proposal has caused shares in banks and credit card firms to fall, with Barclays down 3.5%, American Express down 4%, Visa down 1.2%, and Mastercard down 2%. US banking associations have warned that capping rates will make it harder for people to access credit and be "devastating" for millions of families and small businesses.
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