00:15, 12 November 2008 Page views 314 views

AmEx Can Count on Federal Support

(no votes)

The US Federal Reserve System has satisfied the request of American Express, one of the largest international payment systems, concerning the change of its legal status. Following the example of the investment banks Goldman Sachs and Morgan Stanley, AmEx also decided to get the status of a bank holding, which entitles it for federal support.

Plusworld.org - only
the main news on the Market!