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KM Financial Solutions | UPDATE 2-AmEx to cut spending by $3 bln to survive virus-hit economy
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UPDATE 2-AmEx to cut spending by $3 bln to survive virus-hit economy

23 Apr UPDATE 2-AmEx to cut spending by $3 bln to survive virus-hit economy

Posted at 15:42h in News by
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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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