Financial stocks fall as investors get jittery over Trump's call for one-year 10% credit card interest cap

President Trump’s call to cap credit card interest rates at 10% for a year sent shockwaves through Wall Street on Monday, weighing down bank stocks as investors recoiled from a proposal that threatens the industry’s most lucrative profit engine.Shares of JP Morgan Chase had dropped nearly 7% as of midday Monday while Capital One fell 6.5% and Citigroup slid over 3% as investors dumped lenders with heavy exposure to high-interest consumer credit in the wake of Trump’s remarks.Visa fell over 5% while American ...