News Topic: American Express

Though banks are generating more revenue from interchange and annual fees, those gains have been offset by declines in income from cash advances and late fees. ... Read full article

The units that handle small business payments and the one for larger firms will be combined; survey shows U.K. consumers may shun loans. ... Read full article

American Express Co. is pulling out the big bucks to keep its stronghold on premium credit-card users. ... Read full article

The unit is under investigation by federal agencies for misrepresenting pricing; investment bankers are looking at a possible 15-20% drop in bonus money. ... Read full article

American Express Co. said the U.S. Department of Justice and several regulators have sought information on its foreign-exchange international payments business. ... Read full article

American Express Co.’s quest to be accepted everywhere from the corner bodega to the nail salon down the street is paying off. ... Read full article

The agencies are looking into firm's forex pricing; the Fed is accused of stalling on a novel banking idea. ... Read full article

Bank of America and several other large U.S. financial services companies, as part an effort organized by the Thomson Reuters Foundation and Western Union, have published resources to help smaller banks spot signs of forced labor and kidnapping. ... Read full article

The announcement follows a news report that said it routinely and without notification charged higher rates than it initially quoted. ... Read full article

The company defended its prices for currency conversions after a report said employees boosted rates for some business customers without notifying them. ... Read full article

The Stamford, Conn., issuer of store credit cards has two potential options after the retail giant chose to partner with Capital One. But the decision over which path to take is out of its hands. ... Read full article

Analysts had expected the New York-based firm to boost its forecast as consumers increased spending on its cards. ... Read full article

Banks stocks have declined as the yield curve shrinks; the companies will offer a co-branded small-business card. ... Read full article

American Express prevailed Monday in an eight-year antitrust battle with the government. Here’s a look at how other card networks, banks, retailers and consumers will be affected. ... Read full article

The U.S. Supreme Court threw out a government lawsuit that accused American Express Co. of thwarting competition by prohibiting merchants from steering customers to cards with lower fees. ... Read full article

The firm graded bank and credit card apps on customer satisfaction, appearance, navigability, and availability and clarity of information. ... Read full article

Talking with Shari Van Cleave, head of Wells Fargo Digital Labs; Citizens Financial makes a big move in mortgages in purchasing Franklin American; a rewards blockchain could give Amex access to a wealth of customer data; and more from this week's ... Read full article

Dark clouds may not yet be on the horizon, but industry executives are sending the message to investors that they know a turn in the credit cycle is coming, and they are planning accordingly. ... Read full article