Barclays caught up in sell-off after Trump requires rates of interest on bank cards to be capped for a yr

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 year

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