Hints and tips:
...The Berkshire Hathaway chair had risked his reputation trying to save Salomon Brothers, a scandal-plagued investment bank few wanted to do business with....
...Nearly 10 per cent of this balance was in serious delinquency (defined as 90 days or more late), according to the Federal Reserve Bank of New York....
...This was the subject of his new FT newsletter on central banks....
...However, Amex is the only other of these that is both a lender as well as network....
...You’re not going to insist on sight of a gold Amex card if a quick fling is all you desire....
...Booking through my Amex Centurion credit card means they provide “free” airport transfers. And if you travel midweek, even in high season, the costs are lower....
...Even the Amex Platinum card, which shares some of the same benefits of the Centurion and scaled down offerings, is £575 per annum....
...Amex did not immediately respond to a request for comment outside normal working hours....
...Amex set aside more than $1bn in provisions for souring loans after net charge-offs rose in the first quarter....
...“It’s got aspects like NatWest and Lloyds, but it’s more complicated than them; it’s got an investment bank, but it’s not JPMorgan; and it has a US cards business but it’s not Amex or Visa.”...
...Amex: Investors will be curious to hear about the financial health of US consumers, particularly those who use pricey American Express credit cards....
...There’s also the 7,000sq ft terrace bar, which is already the post-work seat du jour for those whose bank balances get them through the door. aman.com, from $3,500...
...Many of the biggest US banks have recently added to their provisions, as they worry an aggressive campaign by the Federal Reserve to tighten monetary policy could result in more borrowers falling behind...
...Balances rose $17bn in the third quarter of 2021, after an increase of the same size in the second quarter, according to the Federal Reserve Bank of New York....
...Credit quality remains healthy so far (not least in Amex’s affluent user base), and inflation boosts fees and revenue....
...This year, banks such as Citigroup and Bank of America have continued to avoid giving long-term projections....
...Investment banks have vice-chairs. Professors reach emeritus status....
...Last month, Amex rolled out a limited-edition card made from the scrap metal of retired planes....
...Media flocked to the Centurion Club to cover the event. Golfers looked uncomfortable as they faced questions about the ethics of taking Saudi cash....
...Russian cardholders of Visa, Mastercard and Amex can still make domestic purchases via the country’s homegrown card payment system, Mir....
...Amex’s stock was up 3.3 per cent in pre-market trading....
...You awaken on the banks of the modern-day river Tiber with no idea how you got there....
...Amex, which is known for its high-end credit cards with exclusive perks, has recently launched an exclusive dining programme for cardholders through Resy....
...The real test this year: do we have enough Amex-es to offset tighter financial conditions?...
...Recently my manager and an attorney discovered five forged wills of mine, 67 bank accounts, 102 Mastercards and Visas....
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