Lawyer Central: American Express OKd to become commercial bank

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Home >> Injury Central >> Commercial Bankruptcy Resources >> AMERICAN EXPRESS OKD TO BECOME COMMERCIAL BANK

AMERICAN EXPRESS OKD TO BECOME COMMERCIAL BANK

2008-11-12 10:02:08.573

American Express wants your deposits. The Federal Reserve on Monday granted AmEx's request to become a commercial bank, opening the door for the credit card giant to accept deposits and permanently access financing from the Fed.

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