Shares of Capital One Financial Corp., American Express Co. and other US banks sank after President Donald Trump called on credit-card companies to cap interest rates at 10% for a year, a move that could wipe out billions in profits for one of the banking industry’s biggest businesses.

US President Donald Trump has sued JPMorgan Chase and its CEO Jamie Dimon, accusing the bank of shutting down his accounts for political reasons, Bloomberg reported.

The bank moved to close the accounts after the 6 January, 2021 riot when Trump supporters descended on the US Capitol to disrupt formal ratification of the election results.

U.S. President Donald Trump filed a $5 billion lawsuit against JPMorgan Chase (JPM.N) and its CEO Jamie Dimon on Thursday, accusing them of debanking him by closing several of his accounts to further ...