Shares in US credit card issuers slide after Trump calls for 10% rate cap
White House’s demand for limit on what issuers can charge rattles investors
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Donald Trump calls for credit card interest rates to be capped at 10%
President demands one-year limit should come into force on January 20 but gave no details
Trump hits banks where it hurts: their credit card divisions
Lenders say a cap on interest rates is unfair as they need a generous margin in order to offer unsecured credit
Wall Street hits back at Trump’s plan to limit interest on credit cards
Banks such as Citigroup and Wells Fargo say capping rates would limit credit and hurt economic growth
US banks need to cut their credit card rates
There are better alternatives to the Trump-Warren plan to cap interest costs for one year
US investment-grade credit spreads reach lowest level this century
Investor appetite for blue-chip debt remains strong despite a choppy week for stocks triggered by Trump’s tariff threats
Donald Trump’s tariff ‘shock regime’ tests Wall Street’s mettle
US president backed off his threat of new duties on European economies after market tumult