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Banking News 12 January 2026

Why Capital One stock slid after-hours: Trump’s 10% rate-cap push meets a $425 million settlement

Why Capital One stock slid after-hours: Trump’s 10% rate-cap push meets a $425 million settlement

New York, Jan 12, 2026, 17:23 EST — After-hours Shares of Capital One Financial Corp dropped 6.4% to $233.20 in after-hours trading Monday, hitting a low of $221.68 during the session. The decline refocused attention on a political risk that many traders had largely set aside: President Donald Trump’s proposal to cap credit-card interest rates at 10% for one year. Lenders reliant on card interest from revolving balances face direct impact, and investors struggle to price in such a headline, even if it never materializes. Wall Street analysts say the legal route for the plan looks tight. UBS Global analysts
12 January 2026
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Capital One stock drops on Trump’s 10% credit-card rate cap talk as $425 million depositor settlement advances

Capital One stock drops on Trump’s 10% credit-card rate cap talk as $425 million depositor settlement advances

New York, Jan 12, 2026, 16:33 EST — After-hours Shares of Capital One Financial dropped 6.4% to $233.20 in after-hours trading Monday, dragged down by a widespread selloff among credit-card lenders. The slide followed President Donald Trump’s call to impose a 10% cap on credit-card interest rates for one year. (Reuters) The proposal targets Capital One’s main revenue driver: interest on revolving credit-card balances. It comes as the company grapples with new developments in a long-standing fight with depositors over interest rates on certain savings accounts. (Reuters) On Friday, Trump urged for the cap to start on Jan. 20 but
12 January 2026
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Goldman Sachs stock ticks up as Powell probe threat, rate-cap talk keep banks on edge

Goldman Sachs stock ticks up as Powell probe threat, rate-cap talk keep banks on edge

New York, Jan 12, 2026, 14:29 (EST) — Regular session The Goldman Sachs Group, Inc. (GS) shares climbed 0.6% to $944.73 in Monday’s afternoon trading. So far, the stock has fluctuated between $927.40 and $945.86 during the session. Investors are grappling with two Washington shocks at once: the Trump administration’s threat to indict Federal Reserve Chair Jerome Powell, and President Donald Trump’s push for a one-year cap on credit card interest rates. “We need see some type of action before the market will actually react,” said Jordan Rizzuto, chief investment officer at GammaRoad Capital Partners. Adding to the pressure, fourth-quarter
12 January 2026
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Dow Jones today: Index slips as Trump’s 10% credit-card cap hits banks, Powell subpoena clouds the Fed

Dow Jones today: Index slips as Trump’s 10% credit-card cap hits banks, Powell subpoena clouds the Fed

NEW YORK, January 12, 2026, 12:34 EST — Regular session. The Dow Jones Industrial Average slipped roughly 100 points, or 0.2%, near midday. The S&P 500 held steady, and the Nasdaq edged up slightly. (Investing.com) Sentiment turned as new political pressure mounted on the Federal Reserve—something traders usually overlook until it becomes unavoidable. Fed Chair Jerome Powell is now grappling with possible indictment linked to his testimony about a renovation project, though he has publicly denied any wrongdoing. (Reuters) Financial stocks slid as President Donald Trump proposed a one-year 10% cap on credit-card interest rates beginning Jan. 20, which could
12 January 2026
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JPMorgan Chase stock slides as Trump’s 10% credit-card rate cap talk hits banks before earnings

JPMorgan Chase stock slides as Trump’s 10% credit-card rate cap talk hits banks before earnings

New York, Jan 12, 2026, 11:26 (ET) — Regular session JPMorgan Chase & Co shares fell on Monday as traders sold bank stocks after President Donald Trump called for a one-year cap on credit card interest rates. JPMorgan was down $6.60, or about 2%, at $322.59 in late morning trading. The timing is awkward for bulls. JPMorgan reports results on Tuesday, kicking off earnings season for the biggest U.S. lenders, when executives will have to address consumer credit trends and the bank’s exposure to any shift in card economics. Credit cards are a rich business. That’s the point. They also
12 January 2026
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Dow Jones ETF drops as Trump’s credit-card cap plan and Fed subpoena fight hit banks

Dow Jones ETF drops as Trump’s credit-card cap plan and Fed subpoena fight hit banks

NEW YORK, Jan 12, 2026, 10:26 EST — Regular session The SPDR Dow Jones Industrial Average ETF Trust (DIA) dropped roughly 0.5% Monday morning, mirroring a pullback in blue-chip shares. The market weighed fresh political pressure on the Federal Reserve alongside the White House’s move to limit credit-card interest rates. (Reuters) That’s significant for the Dow since it’s price-weighted, so stocks with higher prices have a bigger impact on the index’s movement. MarketWatch calculated that early declines in American Express and Visa alone shaved roughly 155 points off the Dow’s drop. (MarketWatch) Fed Chair Jerome Powell said in a video
12 January 2026
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Citigroup stock slides as Trump’s 10% credit-card rate cap plan rattles lenders ahead of earnings

Citigroup stock slides as Trump’s 10% credit-card rate cap plan rattles lenders ahead of earnings

New York, January 12, 2026, 11:40 EST — Regular session Citigroup Inc shares were down about 3.5% at $117.03 in late morning trading, after President Donald Trump called for a one-year cap on credit card interest rates at 10% starting Jan. 20 and gave no details on how companies would be made to comply. (Reuters) The headline risk for Citi is simple: credit cards are a big consumer profit engine across the industry, and a hard ceiling would hit pricing on loans that carry no collateral. It also lands with bank earnings days away, when executives normally talk about credit
12 January 2026
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JPMorgan stock drops as Trump pushes 10% credit-card rate cap, with earnings up next

JPMorgan stock drops as Trump pushes 10% credit-card rate cap, with earnings up next

New York, Jan 12, 2026, 11:32 a.m. EST — Regular session JPMorgan Chase & Co shares fell about 2% to $322.55 in morning trading on Monday after President Donald Trump called for a one-year cap that would limit credit card interest rates to 10%. “It would take an Act of Congress for such rate caps to be in place,” UBS Global analysts wrote, while Seaport Research analyst Bill Ryan said “affordability has become a top concern.” (Reuters) The move matters because credit cards are a high-yield business for big banks, and a rate cap would cut straight into what lenders
12 January 2026
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Capital One stock slides as Trump’s 10% credit-card rate cap spooks lenders

Capital One stock slides as Trump’s 10% credit-card rate cap spooks lenders

New York, Jan 12, 2026, 08:13 EST — Premarket Shares of Capital One Financial dropped roughly 10% in premarket Monday after investors offloaded credit-card and consumer-lending stocks amid fresh chatter about rate caps. The squeeze landed hard on a business built around spreads. Credit-card interest powers issuer profits, and a 10% cap would plunge well below the industry’s current rates. The bids quickly evaporated. Synchrony Financial and Bread Financial tumbled between 10% and 11% in early trading. American Express slipped about 4%, while Visa and Mastercard each dropped roughly 2%. On the flip side, alternative lenders gained ground: Affirm rose
12 January 2026
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US stocks today: Futures slip as Powell indictment threat roils banks; Fed speakers, Treasury auctions on the calendar

US stocks today: Futures slip as Powell indictment threat roils banks; Fed speakers, Treasury auctions on the calendar

New York, Jan 12, 2026, 07:52 EST — Premarket S&P 500 E-minis, the futures linked to the benchmark index, slipped 0.66% to 6,959 points by 5:51 a.m. ET. Dow E-minis were down 0.72%, while Nasdaq 100 E-minis declined 0.88%, market data showed. https://www.reuters.com/business/finance/wall-st-futures-slip-worries-over-fed-independence-financial-stocks-slide-2026-01-12/ The market’s focused on politics and positioning this morning, not just the economic data. Traders face a packed week ahead with bank earnings and an inflation report on the docket. Now, the Fed chair has emerged as a standalone headline risk. https://www.reuters.com/business/finance/global-markets-view-usa-2026-01-12/ Federal Reserve Chair Jerome Powell revealed that the Justice Department issued grand jury subpoenas to
12 January 2026
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FTSE 100 slips as Barclays takes a hit from Trump’s credit-card cap push; gold miners climb

FTSE 100 slips as Barclays takes a hit from Trump’s credit-card cap push; gold miners climb

London, 12 January 2026, 10:58 GMT — Regular session Britain’s FTSE 100 slipped in early Monday trade, pulled lower by a steep drop in Barclays after investors weighed new U.S. policy risks alongside a firmer pound. By 0823 GMT, the blue-chip index was down 0.1%, while sterling gained 0.3% against the dollar, hitting roughly $1.34. (Investing.com South Africa) London stocks kicked off the week at record levels, with the FTSE 100 closing Friday at an all-time high. The rally, fueled by deal chatter around Glencore and positive cues from U.S. jobs data, has left little room for surprises. (Reuters) The
12 January 2026
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Barclays stock slides on Trump’s 10% credit-card rate cap call as investors size up profit hit

Barclays stock slides on Trump’s 10% credit-card rate cap call as investors size up profit hit

London, January 12, 2026, 10:13 GMT — Regular session underway. Shares of Barclays (BARC.L) in London dropped 3.5% on Monday following U.S. President Donald Trump’s push to cap credit card interest rates at 10%. Barclays’ U.S. card business ranks ninth in that market, accounting for roughly 11% of the group’s profits, said Matt Britzman, senior equity analyst at Hargreaves Lansdown. (Reuters) The shift is significant as it pulls politics directly into consumer lending, a space known for high margins but also sudden regulatory shifts that can upend the numbers. For Barclays, U.S. credit cards have been a relatively straightforward growth
12 January 2026
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Stock Market Today

Diageo share price slips into the weekend as investors eye Feb. 25 results

Diageo share price slips into the weekend as investors eye Feb. 25 results

7 February 2026
Diageo shares closed down 1.48% at 1,760 pence on Friday, trailing a 0.59% gain in the FTSE 100. An updated analyst consensus points to a 2.0% fall in first-half organic net sales ahead of interim results due Feb. 25. Trading volume was light, and the stock remains over 22% below its 52-week high.
National Grid share price: what to know before London reopens after BoE signal

National Grid share price: what to know before London reopens after BoE signal

7 February 2026
National Grid shares closed at 1,285 pence in London on Friday, up 0.23%. The Bank of England held rates at 3.75% after a close vote, signaling possible cuts if inflation falls. National Grid announced a wireless power transmission study with Space Solar and marked five years of IFA2 interconnector operations. Its U.S. ADR ended at $88.06, up $1.17.
BAE Systems share price rises into weekend — what to watch before Monday’s London open

BAE Systems share price rises into weekend — what to watch before Monday’s London open

7 February 2026
BAE Systems shares closed up 1.2% at 1,879 pence on Friday, tracking gains in European defence stocks. The company’s market value stands near £54.8 billion. Investors await BAE’s full-year results on Feb. 18 for updates on cash returns and orders. GXO Logistics renewed and expanded its contract to support BAE’s Type 26 frigate program in Scotland.
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