Banks Feel Pressure From Trump’s Credit Card Threats

The news article discusses the impact of President Donald Trump's call for a 10% cap on credit card interest rates on the financial industry. The announcement sent shares of major banks plummeting as they released their earnings. The article features an interview with Ximena Aleman, the co-CEO and co-founder of Prometeo, who discusses the influence of new technology on the financial sector and the role of AI in banking. The key points highlighted in the article are: 1. President Trump's proposal to limit credit card interest rates to 10% has put pressure on financial firms. 2. Major banks experienced a decline in their share prices as they announced their earnings. 3. Ximena Aleman, an expert in the fintech industry, provides insights on the impact of emerging technologies and AI on the banking sector. The article provides a concise overview of the issue, focusing on the most relevant facts and expert commentary without any apparent bias.