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AmEx to cut spending by $3 billion to survive virus-hit economy

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Home Blogs > Business
Apr 24 '20 | By oiam2companyadmin | Views: 37 | Comments: 0

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Credit card issuer American Express Co said on Friday it would cut spending by nearly $3 billion in 2020 after its quarterly profit sank 76% as it set aside more money to brace itself against a wave of potential delinquencies.
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Source: https://www.reuters.com/article/us-american-express-results/amex-to-cut-spending-by-3-billion-to-survive-virus-hit-economy-idUSKCN2261K4?feedType=RSS&feedName=businessNews

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