card-issuer
AmEx to cut $1 billion in costs by end of 2017
January 21, 2016 by creative · Leave a Comment
(Reuters) – Credit card issuer American Express Co said it would cut $1 billion in costs by the end of 2017 as it responds to intensifying competition in the payments industry. AmEx's shares fell 4.1 percent to $60.05 in extended trading on Thursday, after the company reported its fourth straight decline in