Bank of America, Citigroup consider new credit cards with 10% rate, Bloomberg News reports

Core Viewpoint - Bank of America and Citigroup are exploring options to introduce new credit cards with a 10% interest rate cap to meet President Donald Trump's requirements [1] Group 1 - Bank of America is considering the introduction of new credit cards [1] - Citigroup is also evaluating options for new credit card offerings [1] - The interest rate cap of 10% is a direct response to demands from President Donald Trump [1]