The comments increase the political pressure on a slew of card issuers, including Barclays Plc, JPMorgan Chase & Co., Capital ...
Shares in banks and credit card firms have fallen after US President Donald Trump called for credit card costs to be capped.
Barclays shares slid on Monday after US President Donald Trump called for a one-year 10% cap on credit card interest rates.
Barclays shares were the worst performing on the FTSE 100 on Monday morning after fears over fresh plans by Donald Trump to curb credit card costs sent the stock tumbling.
Capital One led a decline in shares of US credit card issuers on Monday after Donald Trump called for rates to be capped at ...
Barclays shares fell 2.4%. US operators were also hit, with Capital One down 6.6%, American Express down 4.5%, Visa down 1.6% ...
The Apple credit card had about $20bn in loans and JPMorgan would pay a roughly $1bn discount to the par value of the ...
US president Donald Trump unsettled a fresh corner of financial markets on January 9 when he called in a Truth Social post ...
It could wipe out billions of dollars in interest income for banks and card issuers, and result in them tightening credit ...
The $20bn deal near-completes Goldman Sachs’ exit from consumer lending JPMorgan Chase will become the new issuer of Apple’s ...
US bank stocks declined sharply after President Donald Trump called for a one-year cap on credit card interest rates at 10%, raising concerns about profitabilit ...