Bank of America’s Brian Moynihan is the latest CEO questioning a proposed 10% credit card interest rate cap.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.That cap, proposed earlier this month by President Donald ...

美国银行和花旗集团正在探索各种方案，试图向特朗普伸出橄榄枝，满足他提出的"将信用卡利率上限 设在10%、为期一年"的要求。 周四，美国银行首席执行官Brian Moynihan表示，10%的上限会抑制消费者支出，但他指出银行一直在 就此与政府进行沟通。 "我们正在努力，"Moynihan周四在接受采访时表示，"我们正在尝试提出解决方案。" 责任编辑：陈钰嘉 美国银行和花旗集团正在探索各种方案，试图向特朗普伸出橄榄枝，满足他提出的"将信用卡利率上限 设在10%、为期一年"的要求。 知情人士透露，两家银行考虑的一个潜在方案是推出利率为10%的信用卡。因涉及隐私信息，知情人士 要求匿名。 知情人士透露，两家银行考虑的一个潜在方案是推出利率为10%的信用卡。因涉及隐私信息，知情人士 要求匿名。 美国银行和花旗集团的代表均拒绝置评。 本周早些时候，特朗普表示他将要求国会执行这一提案，这让金融机构对他追求的具体路径有了更清晰 的了解。银行高管此前对该上限表示谴责，称这将导致贷款机构不得不下调对消费者的信用额度。 部分高管已公开表示，他们认同特朗普对民生的关注，目前正在酝酿的方案旨在配合政府降低消费者成 本的努力。 包括美 ...

Core Viewpoint - Bank of America and Citigroup are considering options to meet President Trump's request to limit credit card interest rates to 10% for one year [1] Group 1 - Bank of America is exploring potential solutions to address the interest rate cap demand [1] - Citigroup is also evaluating options to comply with the proposed interest rate limitation [1]

Bank of America and Citigroup are considering options to offer new credit cards with an interest rate cap of 10% to satisfy President Donald Trump's demands, Bloomberg News reported on Thursday. ...

Banks, however, have a deeper interest in combating this, as the revenue accretion from interest rates on credit card debt is a material amount, which has only gone up in the past years. According to the Seventh Biennial Report to Congress on the Consumer Credit Card Market issued by the CFPB, U.S. consumers were assessed a total of $160 billion in interest charges during 2024. This figure represents a staggering increase from the $105 billion in interest assessed in 2022, reflecting a 52.3% growth in the c ...

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>Here are the key points:The Q4 earnings season is off to a solid start, with the growth pace accelerating and most management teams painting a stable-to-positive outlook for their businesses. Companies are comfortably beating consensus estimates, with the Q4 EPS and revenue beats percentages ...

1月22日，中国贸促会副会长刘健男在京会见美国花旗集团北亚区首席执行官龙明睿，就促进中美工商 界往来、参与APEC工商界系列活动、深化产业链供应链合作等议题进行交流。 （文章来源：第一财经） ...

格隆汇1月22日｜花旗集团将瑞银集团目标股价从34瑞士法郎上调至37.7瑞士法郎。 ...

Core Viewpoint - The finance sector is experiencing a solid start to the Q4 earnings season, with many companies exceeding consensus estimates and providing a stable-to-positive outlook for their businesses [5][7]. Finance Sector Performance - Major banks like JPMorgan, Bank of America, and Citigroup have shown disappointing market reactions despite not having negative Q4 results, indicating a 'sell-the-news' phenomenon after their recent outperformance [2]. - Citigroup shares have outperformed peers and the broader market over the past year, driven by investor confidence in the new management's restructuring plans [3]. - However, shares of Citigroup, Bank of America, and JPMorgan have been declining since the start of the year, with Q4 earnings results contributing to this downtrend [4]. Earnings Growth and Estimates - Total earnings for the 51 S&P 500 companies that reported Q4 results are up 17.2% year-over-year, with revenues increasing by 7.5%. Notably, 88.2% of these companies beat EPS estimates and 72.5% exceeded revenue estimates [5]. - For the finance sector, earnings are up 13.9% year-over-year with revenues rising by 7.0%. Additionally, 90.5% of finance companies beat EPS estimates and 71.4% surpassed revenue estimates [5]. Macroeconomic Outlook - Management teams are optimistic about consumer spending and stable credit quality trends, with a positive outlook for loan demand and investment banking advisory services, despite some policy uncertainties [7]. - The overall outlook remains positive, although there are headwinds related to the administration's credit card plans [7]. Sector Contributions - The tech sector is projected to contribute 36% of the S&P 500's total earnings over the next four quarters and currently represents 42.5% of the index's total market capitalization, highlighting its significant role in the overall earnings picture [16].

芯片传来重磅信号。 据最新数据，今年前20天，号称全球经济"金丝雀"的韩国出口半导体总金额达107.3亿美元（约合人民 币747亿元），同比大幅增长超70%。这预示着，在AI（人工智能）浪潮下，全球半导体需求仍非常强 劲。受此影响，存储芯片巨头三星电子股价直线拉升，21日盘中一度大涨超3%。 昨晚，芯片股普遍上涨，费城半导体指数涨3.18%，刷新历史新高，英特尔涨超11%，超威半导体涨逾 7%，美光科技涨超6%，ARM涨逾6%，微芯科技涨超4%，博通跌逾1%。 在此之前，美股存储芯片概念股周二也全线飙涨，闪迪一度暴涨超10%。有机构分析指出，本轮存储芯 片涨价并非短期市场情绪驱动，而是由"先进制程产能受限"与"AI服务器需求刚性增长"双重因素共同作 用，其持续性明显强于历史周期。 暴增超70% 当地时间1月21日，韩国海关部门披露的数据显示，2026年1月1日至20日期间，韩国出口额达到363.6亿 美元，同比增长14.95%；韩国进口额为369.8亿美元，同比增长4.2%，贸易逆差约为6亿美元。 从产品类别看，本月前20天，韩国半导体出口额达107.3亿美元，同比大幅增长70.2%，占出口总额的 29.5% ...