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

Citi's CEO's comments on President Trump's proposed credit card rates cap highlight concerns about potential unintended economic consequences.

Newsquawk StaffPublished 20 Jan 2026, 15:32 UTCOn the live feed at 15:12 UTC — 2 more headlines followed before this page went public

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15:31

DMO to sell GBP 3.25bln of 2033 Gilt on January 27th

15:31

Roche (ROG SW) doubles investment in its first ever East Coast manufacturing facility in North Carolina to approximately USD 2bln

15:12

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

15:08

US Supreme Court does not rule on Trump tariffs today

15:04

French Regulators probe Nestle's (NESN SW) baby formula following an infant's death

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

Context

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.

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