Kenneth Chenault

3 Stories

Geithner Leaving This Month: Report

Treasury chief expected to be gone before debt ceiling showdown

(Newser) - Another fight over the debt ceiling might be just around the bend, but a key member of the White House financial team won't be here to see it: Bloomberg reports that Treasury chief Timothy Geithner, who has long planned to leave his post, will do so at the end... More »

Feds Slap AmEx With Antitrust Suit

Just as Justice settles case against MasterCard, Visa

(Newser) - The Justice Department has hit American Express with antitrust charges today, just as it settles similar charges with Visa and MasterCard, reports the Wall Street Journal. The complaint centers around the uneven fees and rules AmEx imposes to "impede merchants from promoting or encouraging the use of a competing... More »

AmEx Sees Red as Cardholders Struggle

Credit card company is seeing more cards fall delinquent as economy worsens

(Newser) - American Express—expected today to report earnings skidded more than 30% from the third quarter a year ago—isn't quite the industry gem it once was, reports the Wall Street Journal. The company, long a top performer who catered to affluent customers, has seen a surge in delinquencies as the... More »

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