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American Express, recently approved to become a bank-holding company, is looking for $3.5 billion from the federal government, the Wall Street Journal reported Monday.
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American Express said it won approval to become a bank holding company, in a step that could cut its borrowing costs and give it more access to government money.
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The failure of this auto company, or its Big Three peers, could be as catastrophic as that of any major bank.
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The search for a market bottom likely will continue through the rest of the year and into 2009, as signs emerge that a turning point is not yet upon Wall Street.
John Ulzheimer offers some tips for how to clear the blemishes from your credit report without paying a middleman to do it.
The search of a market bottom likely will continue through the rest of the year and into 2009, as signs begin to emerge that a turning point is not yet upon Wall Street.
American Express reported a profit that fell from last year, but the shares rose in late trading as earnings blew past analysts' estimates.
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More Americans are having trouble paying off their credit card balances. That has pushed up losses for credit card issuers.
Credit-card delinquencies are likely to become the next flashpoint in the credit crisis, though the impact on the economy won't be as severe as the housing slump, analysts say
Here's the good that will come from everything that's going on right now.