7Vote!
David Drake (Free subscription) | 22/11/2009
Pbamanomics - the economic policies of Dear Leader His Excellency Barack Hussein Pbama Junior - Marxists policies created and intended to purposefully ruin the U.S. Economy - are preventing the rebound of the U.S. Economy . al -Reuters : . ..with banks reluctant to lend and consumers afraid of borrowing, chances of a strong and quick economic recovery are slim, bankers and investors said at the Reuters...
3Vote!
Reuters (Free subscription) | 10/11/2009
NEW YORK (Reuters) - American Express Co said credit card spending increased in October from September in another sign that the worst of the financial crisis may have passed for the largest U.S. credit-card company, sending its shares up 1.5 percent to a 14-month high.
3Vote!
Reuters (Free subscription) | 30/10/2009
NEW YORK (Reuters) - American Express Co , the largest U.S. credit card company by purchases, said on Friday it was eligible to issue $12.1 billion more of securities under the Term Asset-Backed Securities Loan Facility plan, or TALF.
3Vote!
Reuters (Free subscription) | 23/10/2009
NEW YORK (Reuters) - American Express Co posted stronger-than-expected quarterly earnings on Thursday as the credit card company trimmed costs, consumer spending declined at a slower pace and credit losses were lower than forecasts.
5Vote!
Reuters UK (Free subscription) | 23/10/2009
NEW YORK, Oct 22 (Reuters) - American Express Co posted stronger-than-expected quarterly earnings on Thursday as the credit card company trimmed costs, consumer spending declined at a slower pace and credit losses were lower than forecasts.
3Vote!
People Daily (Free subscription) | 21/10/2009
Allianz SE and American Express Co plan to keep their Industrial & Commercial Bank of China Ltd stakes, which have a combined value of about $3.1 billion, past a lockup on the holdings that expired yesterday. Allianz and American Express have no immediate plans to sell, the companies and Beijing-based ICBC said in statements. Allianz has 3.22 billion Hong Kong-traded ICBC shares, worth HK$19.9...
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5Vote!
Reuters UK (Free subscription) | 19/10/2009
Oct 19 (Reuters) - FBR Capital Markets upgraded American Express Co to "market perform" from "underperform," saying it will be the first among credit card peers to return to a normalized credit environment, likely as early as next year.
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4Vote!
CEOWORLD Magazine (Free subscription) | 05/10/2009
American Express Co (AXP.N) President Alfred Kelly will leave the company early next year. Alfred Kelly has been responsible for the company’s consumer and small business card franchise. He has been president for the last two years. “In the context of discussions we have had about longer-term plans for the organization, Al made clear to me that [...]
5Vote!
Reuters UK (Free subscription) | 05/10/2009
NEW YORK, Oct 5 (Reuters) - American Express Co's president Alfred Kelly will leave the company early next year to seek an opportunity as a chief executive elsewhere, the large credit card issuer said on Monday.
5Vote!
Reuters UK (Free subscription) | 30/09/2009
SEATTLE, Sept 30 (Reuters) - American Express Co said on Wednesday it is getting rid of monthly fees on all its gift cards, attempting to appease holiday shoppers who may worry that their cards will lose value if not used quickly.
5Vote!
HomeATM (Free subscription) | 24/09/2009
On Wednesday, J.P. Morgan Chase& Co. 's Chase Card Services plans to formally launch four cards aimed at small-business owners, including a charge card that would require customers to pay in full every month: From Reuters: NEW YORK, Sept 23 (Reuters) - JPMorgan Chase & Co ( JPM.N ), the second-largest U.S. bank, launched a charge card for small businesses on Wednesday, entering a market long...
3Vote!
Mish's Global Economic Trend Analys (Free subscription) | 16/09/2009
Last month's improvements in credit card defaults appears to be an outlier. Credit card defaults have resumed their natural tendency to track rising unemployment. Inquiring minds are reading U.S. credit card defaults up, signal consumer stress . Bank of America Corp and Citigroup Inc customers defaulted on their credit card debts in August at the highest rates since the onset of the recession, a sign...
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3Vote!
Reuters (Free subscription) | 14/09/2009
NEW YORK (Reuters) - American Express Co announced on Monday a new line of certificates of deposit as part of the largest U.S. credit card company's plan to diversify funding sources as the financial crisis tightened lending.
3Vote!
Fund my Mutual Fund (Free subscription) | 17/08/2009
After a short respite, Capital One Financial's (COF) delinquency metrics degraded again. While the market treasts COF as if it is American Express (AXP) there is a difference between the two. Unfortunately this is a "student body left" environment where almost all companies in a sector are treated the same. Now it was not a huge jump but it shows "2nd derivative improvement" is...
3Vote!
San Fransisco Chronicle (Free subscription) | 13/08/2009
Some American Express card members' accounts may have been compromised by an employee's recent theft of data, the company said Thursday. American Express Co. spokeswoman Susan Korchak said a "relatively small portion" of card members was involved, but... Sponsored Topics: AmericanExpress - Theft - Credit card - Company - Business
2Vote!
integrityfx | 11/06/2009
Back in October 2008, then US Treasury Secretary Henry Paulson met with CEOs of the 9 largest US banks. During that meeting, it was reported that Paulson required the CEOs to take TARP money whether they wanted the money or not. In May, Judicial Watch released talking points taken from official documents from those meetings. The talking points used by Paulson in that meeting include the comment that
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