Barclays stock slides on Trump’s 10% credit-card rate cap call as investors size up profit hit
Barclays shares fell 3.5% in London after U.S. President Donald Trump proposed capping credit card interest rates at 10%. The bank’s U.S. card business accounts for about 11% of group profits. The sell-off pulled European banking stocks lower. Investors await more details from Washington and Barclays’ Feb. 10 earnings report.