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
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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
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
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
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
US banks enjoyed record profits of $300bn in 2025
Lenders have prospered under Trump as they pay lower rates of interest to savers and write more loans
US bank deals surge as Trump-era regulators race through approvals
Average time to complete a deal has fallen to four months