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...“American banking is ripe for reinvention and the American customer needs a Monzo-like product, a financial control centre that helps them manage their money.”...
...Discover’s is the smallest after Visa, Mastercard and American Express....
...That’s when he got a call from James Robinson III, who was then the chief executive of American Express and the biggest power broker on Wall Street....
...In this blog for the European Central Bank’s website, four economists — Klaus Masuch, Wolfgang Modery, Ralph Setzer and Nico Zorell — suggest that not much has changed....
...North American rivals such as Mark Bristow’s Barrick Gold are also likely to be weighing their options, while a bid for all or part of Anglo American from Brazil’s Vale, India’s Vedanta Resources or a Chinese...
...BHP’s potential bid for fellow miner Anglo American threatens to put a dent in that hard built reputation....
...The return of megadeals to the mining sector, with BHP’s £31bn all-stock approach to buy Anglo American, gives me serious flashbacks....
...Discover is a combined credit card payment network and card-issuing bank. It ranks fourth as a network behind the titans Visa, Mastercard and American Express....
...Keep an eye out for Goldman Sachs, Bank of America, Blackstone and American Express to name a few. One company you can’t miss is Netflix....
...Chart du jour: Keep on cooling Eurozone inflation fell to 2.4 per cent in March, below forecast and continuing a downward trend, bolstering expectations that the European Central Bank will cut interest...
...American Express Global Business Travel has agreed a $570mn deal to buy rival CWT, in a bet on the continued recovery of business travel following the pandemic....
...American Express shares are close to record highs, up 40 per cent over the past year....
...Companies: American Express and Colgate-Palmolive report fourth-quarter results....
...Nonetheless, James Shin, a biopharma analyst at Deutsche Bank, said the sharp increase in biosimilar prescriptions in recent weeks would be “alarming” to AbbVie....
...European backing is key to obtain the post, as the head of the IMF has historically been a European, while the World Bank, its sister institution, has historically been headed by an American....
...Discover today is one of four card networks standing — it is the smallest after Visa, Mastercard and the third-place American Express....
...The absence of Visa, Mastercard and American Express, which suspended operations in Russia in 2022, meant China’s UnionPay was the only service left....
...It was “not surprising” that Brazil was the first emerging market to start cutting because the Latin American nation’s rates remained relatively high in real terms, giving the country’s central bank “policy...
...As Europe, we will have to work with whoever the American people choose to elect as their next president....
...The gains were bigger than at rival banks JPMorgan Chase and Citigroup, which reported last week. Bank of America and Morgan Stanley report today....
...Merchants are currently able to charge an extra fee for consumers who use American Express cards, but Visa and Mastercard have blocked sellers from doing so for their users....
...CWA organiser Nick Weiner, who has worked with Wells Fargo employees looking to unionise, said that Bank of America and Citigroup staffers had already contacted CWA to express their interest in organising...
...JPMorgan said it was facing a 25 per cent jump in capital requirements, while analysts at Autonomous predicted American Express might need 40 per cent more capital....
...And the valuation looks fairly priced at around six times 2024 EV/EBITDA compared to 14 times for its nearest peer, the American firm Ulta....
...Japan’s Aozora Bank blamed souring office loans in the US as it forecast its first full-year loss since 2009, in a sign of the rising stress in the American commercial property market....
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