Citi's (C) CEO says US President Trumps credit card rates cap plan will not be good for the economic, via a CNBC interview

• Company doesn't plan any new round of lay offs.

Citi's CEO's comments on President Trump's proposed credit card rates cap highlight concerns about potential unintended economic consequences. This might impact market sentiment as it suggests that regulatory moves could stifle borrowing and affect consumer spending negatively, which could ripple through diversified banks. Traders should watch how this could influence broader financial stability and bank valuations moving forward.