american express

Credit card firm American Express gains approval to become a commercial bank, enabling it to take deposits.

Seeking shelter amid a global credit crunch and consumer spending slowdown, American Express announced Monday it is becoming a bank.

American Express unveils plans to cut 10% of its workforce - about 7,000 jobs - and freeze some salaries to reduce costs.

The nation's economic woes are weighing heavily on credit card giant American Express, prompting analysts to take a dark view of the company.

American Express reported a 24% decline in earnings for the third quarter Monday. But the results were better than expected, sending shares of the credit card giant significantly higher after hours.

The U.S. consumer is feeling pinched - and to listen to American Express, the pain is only going to get worse.

American Express will receive a payment of about $1.8bn from Mastercard after it sued the credit card giant.

Blue chips gained Friday morning on upbeat earnings from American Express and others, but Microsoft's mixed outlook weighed on technology shares.

American Express sees first quarter profits fall 6%, after the number of cardholders defaulting on debts rises.

Through a rare alignment of the planets, the subject of CEO pay may get extremely hot in a few months. If it does, I'd advise four key groups - CEOs, board members, government officials, and presidential candidates - to study the remarkable grant of stock options that American Express's board recently gave CEO Ken Chenault.

Members of all those groups have made stupid pay-related moves in the past, and here's a lesson in how to avoid doing so again: Chenault's new pay package is a model for how to smartly incentivise a CEO.