American Express weighs lawsuit vs Visa, MasterCard
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SAN FRANCISCO (AFX) -- American Express said Monday that in light of the Supreme Court&#39;s decision against Visa and MasterCard, it will seek partnerships with US banks.
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NEW YORK - Travel- and financial-services giant American Express Co. on Monday sued Visa and MasterCard as well as eight banks for damages stemming from anti-competitive practices that prevented American Express from issuing cards through US banks.
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American Express is suing Visa and MasterCard plus eight US banks, claiming anti-competitive tactics kept it out of the market. The litigation is the latest setback for Visa and MasterCard, which last month
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International credit card company  MasterCard Inc  may have violated European Union  antitrust rules by restricting competition between banks, the  EU&#039;s top competition authority said on Friday.
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American Express Co. on Monday sued Visa, MasterCard and eight banks for allegedly blocking the sale of its credit cards through US banks.
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NEW YORK Oct. 4, 2004 - American International Group Inc., one of the world&#39;s largest insurance firms, said Monday that the Securities and Exchange Commission may bring a civil action against the company
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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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Fresh from a victory over its rivals in the Supreme Court, American Express now wants Visa and MasterCard to show it the money. American Express hired hot-shot lawyer David Boies, who headed
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American Express (AXP:NYSE - news - research) wants rival MasterCard, Visa and eight big banks to pay damages for years of allegedly uncompetitive practices in the charge card business.
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NEW YORK -- American International Group Inc., one of the world&#39;s largest insurance companies, is the target of a probe by the Department of Justice into possible securities violations.
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American Express Co. has filed suit against Visa, MasterCard and eight major banks alleging anti-competitive practices. Banks named in the suit include Bank of America, US Bancorp, JP Morgan Chase, Capital
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Credit card company MasterCard drew a rebuke at a closed European Commission antitrust hearing last week after claiming incorrectly that Britain had dropped an investigation into its fees, people who were present said.
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American Express Co.  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 U.S. banks from using its credit card products.
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American Express, which fought for the right to sign deals with banks that issue cards on the Visa and MasterCard networks, said that it won a contract with Citigroup.
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American Express has 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 - The US Supreme Court struck a blow for the free market and consumer choice. The Justices today denied an appeal by Visa and MasterCard that prevented most US financial institutions from doing business with competing networks such as Discover.
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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