Capital One led a decline in shares of US credit card issuers on Monday after Donald Trump called for rates to be capped at 10 per cent, as the US president tries to address Americans’ concerns over the cost of living.
In pre-market trading, Capital One shares were down 10 per cent, American Express dropped 5 per cent, Citigroup fell 4 per cent and JPMorgan Chase was 2.8 per cent lower.
London-listed Barclays, which has ambitions to grow its US consumer bank, dropped 3 per cent.
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