Tag Archives: AmEx

Your Daily Dose of Financial News

BY: Michael D. Reif | January 9, 2019

We’ve got details on China’s proposed trade peace deal along with thoughts on whether it’ll be sufficient to satisfy a White House that’s been itching for a fight – NYTimes and WSJ and Bloomberg Time for our mid-week check-in with CES as we suss out the hits and misses of all that tech aims to … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 6, 2018

The FBI and OCC have each launched inquiries into pricing practices within American Express’s forex unit with an aim to determine “whether the foreign-exchange international payments department misrepresented pricing to clients in order to win their business” – WSJ and Bloomberg A breakdown of Facebook’s and Twitter’s day in DC, including a recap of Jack … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | July 30, 2018

The Journal is breaking news this morning that American Express has been raising forex prices on customers for years “without notifying customers in a bid to boost revenue and employee commissions” – WSJ An explosive Ronan Farrow New Yorker expose has led to an official inquiry from the CBS board of directors into alleged sexual … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 26, 2018

Milwaukee-based Harley-Davidson announced on Monday that it will shift some of its motorcycle production overseas “to avoid retaliatory tariffs imposed by the European Union” in response to the White House’s trade moves – NYTimes and WSJ and Bloomberg and Law360 Markets were back in the [serious] red on yesterday after late-week and weekend trade machinations … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 19, 2017

American Express Chair and CEO Kenneth Chenault announced that he’s stepping down next year after 16 years at the helm of AmEx.   He’ll be succeeded by Vice Chair Stephen Squeri – NYTimes and WSJ and Bloomberg The Dow hit 23,000 for the first time yesterday. Might want to keep that bubbly on ice, though, as … Continue reading