American Express saw its fourth-quarter profits fall by 9%, as the credit card giant had to set aside significantly more money to cover potentially bad loans. The company saw charge-offs and delinquencies rise, a troubling sign for a company whose customer base is usually well-to-do and extremely creditworthy.
NEW YORK (AP) – American Express (AmEx) saw its fourth-quarter profits fall by nine per cent, as the credit card giant had to set aside significantly more money to cover potentially bad loans. The company saw charge offs and delinquencies rise, a troubling sign for a company whose customer base is usually well-to-do and extremely […]
American Express saw its fourth-quarter profits fall by 9%, as the credit card giant had to set aside significantly more money to cover potentially bad loans