Citigroup Says It Will Issue Amex Cards
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American Express, which fought for years for the right to sign deals with United States banks that issue cards on the Visa and MasterCard networks, said late yesterday that it had won
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American Express yesterday said it was seeking &quot;billions of dollars&quot; in damages from Visa and MasterCard over alleged &quot;illegal and anticompetitive practices&quot;.
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NEW YORK: American Express Company, the travel and financial services giant, said yesterday it was suing Visa and MasterCard over anti-competitive business practices.
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American Express Co (NYSE: AXP) said this morning that it has filed a law suit in the US District Court in Manhattan against Visa, Mastercard and eight major
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Citigroup Inc., the world&#39;s largest bank, said the US Securities and Exchange Commission may take enforcement action against Thomas Jones, who ran the company&#39;s investment-management unit.
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Credit card company American Express  said on Thursday that a slowdown in cardholder spending and rising delinquencies would lead to a pre-tax charge of around $440 million for the fourth quarter.
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American Express is suing credit card giants Visa and Mastercard, accusing them of anti-competitive practices.
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Now the credit-card companies are trying to tack on billions in charges to each other. American Express Co. wants rivals Visa USA Inc.
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American Express has struck a yearlong marketing deal with AOL CityGuide to launch its IN:NYC credit card, which is designed to appeal to young New Yorkers by offering rewards for charging at city hot spots like Tao or Lotus, the companies said.
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Credit card company American Express   said on Thursday that a slowdown in cardholder spending  and rising delinquencies would lead to a pre-tax charge of  around $440 million for the fourth quarter.
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London and Tokyo - Citigroup, the world&#39;s biggest bank, said yesterday that it should have considered its clients before flooding Europe&#39;s MTS electronic market with bond sales last month and profiting on the price decline.
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US consumers already swamped with offers from credit card companies can expect more solicitations in the coming months from American Express and Discover Financial Services.
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Chinese regulators expect Citigroup  , HSBC Holdings (0005.HK) and two others to become  the first foreign banks to issue local-currency debit cards to  consumers in the world&#39;s fourth-largest economy, a senior  banking regulator said on Thursday.
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Walgreen Co. (WAG.N: Quote, Profile, Research) , the largest US drugstore chain, on Wednesday said it will no longer accept American Express&#39; roughly 36 million credit cards because of
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American Express Co., the travel and financial services giant, on Monday sued Visa and MasterCard along with eight banks for damages stemming from anticompetitive practices that prevented American Express from issuing cards through U.S. banks.
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NEW YORK: American Express on Monday sued credit card associations Visa and MasterCard and eight banks for damages from what it called anti-competitive practices that prevented 20,000 US banks from using its credit card products.
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NEW YORK - American Express Co. yesterday sued Visa and MasterCard, as well as eight banks, and alleged that they blocked the sale of its credit cards through US banks.