Remember those rumors about American Express and Citicorp last week? What about Advanta Corp., the ailing credit card issuer that was supposed to be sold?

No deals materialized, but the point was made that rumors have the power to move markets in volatile periods. And in this case, American Express shareholders came out on top.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.