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Thursday, January 10, 2008

American Express: Slower Spending, Higher Delinquencies

by Calculated Risk on 1/10/2008 04:37:00 PM

From MarketWatch: American Express To Take 4th Quarter Charge Of $275M Charge

American Express said it will take a fourth-quarter charge of $275 million, due to slower spending and higher delinquencies and loan write-offs in December.