Thursday 13, November 2008 by
$3.5 billion – that’ll do nicely, thank you!
Charge card and credit card operator American Express (Amex) is reported to be about to take some $3.5 billion in funds from the US Troubled Asset Relief Program (TARP). The move follows approval from the US central bank, the Federal Reserve, for American Express to become a commercial bank, allowing it to take deposits.
