Trump Flips the Script: From Wall Street Darling to Interest Rate Czar President Trump — once hailed as the ultimate pro-business icon — just threw the banking world into chaos with a proposed 10% cap on credit card interest rates. It sent bank stocks tumbling and turned every CEO call into a political firefight. In the wake of the announcement, shares of major issuers like Capital One and Synchrony Financial fell sharply — roughly 6% to 8% — while American Express, Citigroup, JPMorgan Chase and Bank of America also saw notable declines as investors priced in the threat to lending profitability. This Trump Interest Rate Control initiative has rattled markets because the current average credit card rate in the U.S.…
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