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AmEx to Clients: Here's $300, Now Get Lost

Credit card firm looks to limit exposure

By Nick McMaster, Newser Staff

Posted Feb 23, 2009 5:12 PM CST

(Newser) – American Express is offering some of its customers $300 to pay their balance and close their accounts, Reuters reports. The firm has been hit with staggering losses, exacerbated by their expansion in recent years to less well-heeled customers. American Express declined to say how many... Read full story »

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AmEx to Clients: Here's $300, Now Get Lost

Credit card firm looks to limit exposure

American Express • credit card • credit • default • financial crisis • client

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AmEx Will Lay Off 7K

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