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Stock impact report

Barclays, US Bank Shares Slide as Trump Slams Credit Card Rates [Yahoo! Finance]

Barclays PLC (BCS) 
Company Research Source: Yahoo! Finance
the law if they don't heed his call to cap interest rates on the cards at 10% for one year. The comments increase the political pressure on a slew of card issuers, including Barclays Plc, JPMorgan Chase & Co., Capital One Financial Corp. and Citigroup Inc. Card interest rates — hovering above 20% in recent years — have become a target of US lawmakers on both sides of the aisle, with bills popping up and meeting stiff resistance from the industry. Most Read from Bloomberg New Design Plans Revealed for White House Ballroom In Birmingham, a Stadium Plan Shows UK Football's Flashy Side Summit Properties Wins Auction for Bankrupt NYC Apartments New LA Home Designs, Reimagined By Fire Crypto Adherents Advance Their Vision for City-Building Barclays shares slumped as much as 4.8% in early London trading on Monday, the biggest intraday loss since Oct. 17. In pre-market hours in New York, Capital One plunged 10%, while American Express Co. fell 4.9%. Major US lenders were als Show less Read more
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