Capital One shares sank Monday after Trump called for a 10% cap on credit card rates, a major profit driver for the company.

U.S. banks and financial institutions today pushed back against President Donald Trump’s proposed cap on credit card interest rates, citing new data that showed it would result in millions of American households and small businesses losing access to credit.

President Donald Trump revived a campaign pledge Friday night by calling for a one-year, 10% cap on credit card interest rates, a proposal that banking groups immediately opposed despite the industry's heavy donations to his 2024 campaign and support for his second-term agenda. Trump posted on Tru...

Barclays shares slid on Monday after US President Donald Trump called for a one-year 10% cap on credit card interest rates.