Barclays caught up in sell-off after Trump calls for interest rates on credit cards to be capped for a year
Barclays was caught up in a sell-off of financial stocks after Donald Trump called for interest rates on credit cards to be capped for a year.Shares in the bank – which gets 11 per cent of its profits from its US card operations – fell 2.4 per cent. US operators were also hit, with Capital One down 6.6 per cent, American Express losing 4.5 per cent, Visa edging down 1.6 per cent and Mastercard dipping 3.3p per cent.The sell-off came after Trump called for a 10 per cent cap from January 20. Shares in Barclays – which gets 11% of its profits from its US card operations – fell 2.4% after Donald Trump called for interest rates on credit cards to be capped for a yearDIY INVESTING PLATFORMSAJ BellAJ BellEasy investing and ready-made portfoliosHargreaves LansdownHargreaves LansdownFree fund dealing and investment ideasinteractive investorinteractive investorFlat-fee investing from £4.99 per monthFreetradeFreetradeInvesting Isa now free on basic planTrading 212Trading 212Free share dealing and no account feeAffiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.Compare the best investing account for you
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Barclays caught up in sell-off after Trump calls for interest rates on credit cards to be capped for a year
