Capital One, Amex Shares Sink on Trump's Credit-Card Threat.

The article discusses the significant decline in shares of major U.S. banks, including Capital One Financial Corp. and American Express Co., following President Donald Trump's proposal to cap credit card interest rates at 10% for one year. This proposal, which could potentially eliminate billions in profits for the banking industry, has raised concerns among analysts about its feasibility and the negative impact it could have on credit availability, particularly for lower-income consumers. Industry groups have expressed a shared goal of making credit more affordable but warned that such a cap could lead to reduced access to loans. The article also notes that while some companies may benefit from reduced credit availability, many retailers and airlines with credit card partnerships experienced stock declines as a result of the announcement. [Extracted from the article]