Page 2 - American Express Card

American Express profits jump 20% on card spending in fourth quarter

The jump in AmEx's earnings came entirely from record cardmember spending in the last three months of the year

American Express commits $5 mn to support Covid-19 relief efforts in India

The severity of the Covid-19 crisis in India has had a profound effect on millions of people, and it has led to an outpouring of global aid and support

BharatPe announces acquisition of loyalty platform Payback India

Merchant payment and lending service provider BharatPe on Thursday said it has acquired Payback India from American Express and ICICI Investments Strategic Fund.

Amazon explores replacing JPMorgan as issuer of co-brand credit card

American Express Co. and Synchrony Financial are among those bidding on the portfolio.

RBI bars American Express, Diners Club from onboarding new customers

The central bank said the card companies did not adhere to guidelines on local data storage

Top headlines: HCL Tech Q4 net dips 6%; RBI restricts Amex, Diners Club

Zydus Cadila gets DCGI nod for hepatitis drug to treat Covid patients, Modi calls for utilising industry's full potential to meet oxygen demand, and other top news of the day

American Express commits $1 bn to promote racial, gender equality

The company also said it intends to double its spending on diverse and minority-owned suppliers in the United States, as well as provide grants to non-profit organizations by the end of 2024

American Express profit slumps 40% on lower credit card spending amid Covid

The credit card issuer said consolidated loss provisions in the third quarter ended Sept. 30 stood at $665 million, down 24% from a year earlier

American Express in advanced talks to buy SoftBank-backed Kabbage

American Express Co.'s small-business aspirations just took another step forward

American Express profit tumbles 85% as pandemic-related defaults loom

Shares were down about 1% before the bell, even as the group managed to eke out a small profit rather than report a loss as expected by analysts

American Express pledges Rs 9 cr to help those combating Covid-19 in India

The grants will help provide protective equipment to frontline healthcare workers, support the development of vaccines and research and help feed people

American Express quarterly profit plunges 76% on $1.7 bn reserve build

Shares of the company were up nearly 2%, as it kept a tight lid on costs to weather the impact of the pandemic on its business

American Express works at broadening its card reach

Eases entry requirement, ties up with bigger banks for wider merchant acceptance

Super premium cards for the wealthy

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