Not the first time American Express Bank International has had a run-in with drug money.
American Express Bank has no branches in Germany, just computers and telephone operators in Frankfurt.
Like Ally, American Express Bank operates more or less exclusively as an online bank, with just a single physical location.
FORBES: Online Banks Offer Best Savings Account Rates For 2013
But American Express Bank calculates that, since 1985, emerging markets have yielded an average annual return of only 8.4% in dollar terms, compared with 13.4% on Wall Street.
But Amex has lately begun to tell its cardholders in several countries, including Greece, Pakistan and India, that they can do their everyday banking with American Express Bank too.
Savings account rates from American Express Bank averaged 0.86%.
FORBES: Online Banks Offer Best Savings Account Rates For 2013
The economy is weakening and financial stocks are getting pounded, including Goldman Sachs, Wells Fargo, Travelers, American Express and Bank of America, companies that BRK has a vested interest in.
FORBES: Buffett's Historic Buyback Is Admission Of Weakness In Markets, Economy
The other 14 banks American Express, Bank of America, Bank of New York Mellon, Capital One Financial, Citigroup, Fifth Third Bancorp, KeyCorp, Morgan Stanley, PNC Financial Services, Regions Financial, State Street, SunTrust Banks, US Bancorp and Wells Fargo received an unconditional green light from the Fed.
FORBES: Fed's Capital Review Gives JPMorgan And Goldman An Incomplete
Chase, Discover, American Express, and Bank of America all reported drops in both important figures in their August regulatory filings.
FORBES: Credit Card Issuers Report Declines in Defaults, Delinquencies
Visa, MasterCard, or American Express charges your bank a 1% fee for the service of converting the foreign currency, and then your bank will likely add on a mark-up of another 1-2% for facilitating this transaction.
American Express has announced some bank partnerships, and Discover has been working to get its cards accepted by more merchants.
Steve Doocy, the host, and Bob Dilenschneider, his guest, conceded that there is a serious problem with hacking: recent victims have included the Pentagon, American Express, Citigroup and Bank of America.
In 1983 Mr Safra agreed to sell Trade Development Bank to American Express, then a sprawling financial services group.
But for those looking for a replay of the Credit Crisis, the net charge-off numbers from American Express ( AXP), Bank of America ( BAC), Citi ( C), Capital One ( COF), Discover ( DFS), and JPMorgan Chase ( JPM) would argue against it as this data continues to improve each and every month.
But, all the shareholders and employees of Wells Fargo, Bank America, American Express and Goldman Sachs benefited during this trying period.
The American citizen has had the same bank account with a major bank for more than 20 years, uses an American Express card (member since 1989), and has a track record of paying off student loans.
Citibank and Bank of America now offer American Express cards, the result of an antitrust lawsuit AmEx won against Visa and MasterCard in 2005.
Competitors Bank of America, Citigroup and American Express also reported earnings last week.
After Weill lost a power struggle at white shoe American Express, he had the chutzpah to try to takeover Bank of America.
The names are familiar: Citigroup, JPMorgan Chase, Bank of America, MasterCard, American Express and Capital One Financial.
ABN-Amro, Banque Nationale de Paris, Bank of America, Citibank, and American Express that dominate trading in the New Taiwan dollar, and especially in currency derivatives.
Fierce competition in the credit card business and a wave of huge mergers concentrated the industry in the hands of a few major players: Citigroup, JPMorgan Chase, Bank of America, Capital One Financial and American Express.
The insurance and investments conglomerate run by Buffett and his long-time partner Charles Munger owns businesses like Burlington Northern Santa Fe, GEICO and Dairy Queen and has sizable investments in the likes of Coca-Cola and American Express (not to mention a recently-purchased preferred stake in Bank of America).
FORBES: Berkshire Expands Its Ranks, Buffett Brings In Fund Manager Ted Weschler
American Express is charging Walmart less than what debit card-issuing banks like Bank of America, JPMorgan Chase and Citi and Wells Fargo would charge Walmart via debit card swipe fees.
Bank analyst Dick Bove speculates that it could be receiving a commission from American Express every time cash is loaded on to the card or that it might be sharing in the return on the float.
FORBES: Walmart Targets Unhappy Bank Customers With New Prepaid Card--Should Big Banks Be Nervous?
We have added to our positions, and the list is long: American Express, Citigroup, Golden West Financial, Morgan Stanley, Merrill Lynch, Fannie Mae, Bank One, AIG, General Re (to become Berkshire Hathaway).
Bank of America joined the field last month with its Accolades card, issued on the American Express network.
American Express earns a net interest income on the spread between the rate it earns from un-loaned amounts sitting in bank deposits and short-term investments in financial securities and the rates at which it extends credit to card members.
应用推荐