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Bank of America, Citi Weighing New Credit Cards With 10% Rate
Market Intelligence Analysis
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Why This Matters
Bank of America and Citigroup are considering introducing new credit cards with a 10% interest rate to comply with President Trump's demand to cap credit card interest rates at 10% for one year.
Market Impact
Market impact analysis based on neutral sentiment with 70% confidence.
Sentiment
Neutral
AI Confidence
70%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Bank of America and Citigroup are exploring options they could offer up as an olive branch to satisfy President Donald Trump’s demand to cap credit card interest rates at 10% for one year. Katherine Doherty reports on Bloomberg Television. (Source: Bloomberg)
Original article published by
Bloomberg
on January 22, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.