American Express Granted Bank Holding Company Status
NEW YORK, November 10, 2008 — American Express announced today that the U.S. Federal Reserve has approved its application to become licensed as a bank holding company and to be regulated by the Federal Reserve.
Qualifying as a bank holding company will provide American Express maximum flexibility and stability in this challenging economic environment. It [...]
JPMorgan Chase to Present at the Merrill Lynch Banking & Financial Services Conference
New York, November 4, 2008 - Jamie Dimon, Chairman & Chief Executive Officer, of JPMorgan Chase & Co., will present at the Merrill Lynch Banking & Financial Services Conference at the Grand Hyatt Hotel in New York City on Wednesday, November 12, 2008 at approximately 12:50 p.m. (Eastern).
Presentation slides and a live audio webcast [...]
American Express Plans Live Audio Webcasts of the Investor Conference Call Following Second Quarter Financial Results and Semi-Annual Financial Community Meeting
NEW YORK, July 18, 2008 — American Express Company said today that it plans to host a live audio Webcast of its investor conference call on Monday, July 21, 2008, at 5:00 pm (ET) to review second quarter 2008 financial results. The company’s financial results are scheduled to be released shortly after the market closes [...]
Diners Club acquisition by Discover completed
Discover Financial Services said today that it has completed its $165 million acquisition of Diners Club International from Citigroup Inc.
The agreement was announced in April.
“Discover will significantly enhance its competitive position in the global payments business through this acquisition,” said David Nelms, chief executive officer of Discover, in a statement. “It provides us with a [...]
Bank of America Completes Countrywide Financial Purchase
CHARLOTTE, N.C., July 1 /PRNewswire/ — Bank of America Corporation today completed its purchase of Countrywide Financial Corp. to create the nation’s leading mortgage originator and servicer.
Bank of America will focus on responsible home lending, serving as a reliable source of mortgages for the American consumer. Bank of America also will assist new and existing [...]
American Express Settles Antitrust Claims Against Mastercard For $1.8 Billion
Agreement Would Bring Total Payments From MasterCard And Visa To $4 Billion
Settlement To Help Lessen Impact of Weakening Economy
NEW YORK, June 25, 2008 — American Express announced today that it has reached an agreement with MasterCard Inc. to drop a lawsuit alleging that MasterCard had illegally blocked American Express from the bank-issued card business in [...]
American Express Sees Weaker U.S. Economy
WILL INCREASE RESERVES WITH APPROXIMATELY $440 MILLION FOURTH QUARTER CHARGE
COMPANY ADOPTS CAUTIOUS OUTLOOK FOR 2008
NEW YORK, January 10, 2008 — American Express Company (NYSE:AXP) said today that it is seeing signs of a weaker U.S. economy, as Cardmember spending began to slow and delinquencies and loan write-offs trended upward during December. Given the credit-related trends, [...]
