17:01 - 12.01.2026

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January 12, Fineko/abc.az. Shares of the largest American banks declined sharply after Donald Trump's call to limit interest rates on credit cards to 10% for 1-year term.

ABC.AZ informs, citing Bloomberg, that the refusal of this step may be regarded as a violation of the law.

Amid those statements, Capital One's securities fell by 10%, American Express - by 4.9%, Citigroup - by 4.3%, JPMorgan - by 3%, Wells Fargo - by 2.4%, Goldman Sachs - by 1%.

In addition, shares of British bank Barclays, which is actively developing its lending business in the U.S., lost 4.8% - this was the largest intraday drop in the last 3 months.