American Express Co., the largest credit-card issuer by purchases, said it will cut 45 jobs in its enterprise growth unit next year as part of a reorganization.
The reductions will take place between Feb. 19 and May 13, Amex said in a so-called WARN notice dated Nov. 20 and filed with the New York Department of Labor.
Marina Norville, a spokeswoman for the New York-based lender, didn’t immediately respond to a request for comment.
Banks scored well in the tax bill out of Ways and Means this week, with wins on S Corps and rural lending, but have so far lost out on credit union taxes and additional burdens on payments competitors.
Federal Reserve Gov. Michael Barr said tariffs could have an outsized impact on small businesses and hardships could outlive the trade policy debate.
MainStreet Bancshares in Fairfax hopes investors will endorse its plan to refocus on basic community banking after shuttering its embedded banking unit. But a prominent shareholder is urging management to sell.
Bank professionals largely agree that the customer experience shapes the way work is performed within their organization. However, there are some issues that get in the way of a customer-centric approach.
The AI lending platform provider's leaders shared their views on how the company will evolve over the next 10 years.
Shareholder support for KeyCorp's executive compensation packages fell to 63% from 89% last year. Proxy advisory firms had recommended a "no" vote after the Cleveland-based bank made off-cycle awards to top executives.
