Barclays stock slides as Trump’s 10% credit-card rate cap plan hits bank shares
Barclays shares fell as much as 4.5% Monday after President Trump set Jan. 20 for a one-year 10% cap on U.S. credit card rates, spurring a sell-off in European banks. The broader sector index dropped 1.1%. Fed Chair Powell said the Trump administration threatened him with indictment, adding to market jitters. Trump gave no details on how the cap would be enforced.