Warren Buffett’s Berkshire Hathaway Inc. asked the Federal Reserve to allow it to hold as much as 24.99 percent of American Express Co., a stake that’s been growing because of the lender’s stock repurchases.

The old record was set just before the Great Recession, and what may be most remarkable is that it took nearly nine years to reach a new milestone.

Every year, payments experts gather at SourceMedia's Card Forum to discuss the trends shaping our industry. Here are some of the major topics discussed at this year's event in Austin, Texas.

When American Express debuted its Bluebird prepaid card in Walmart stores nearly five years ago, it was a sharp detour from the card brand's status as a product for the elite. But rather than bridge these two worlds, the Bluebird card has kept its market walled off.

Some investors have raised questions about the credibility of the firm’s leadership since credit card issuer announced that its loss reserves would surge this year.

At noon on Monday, May 1, reservations will open for the EMP Summer House in East Hampton, N.Y. But only American Express cardholders can reserve a table.

On Dec. 31, 2016. Dollars in thousands.

Whether it is the Chase Sapphire Reserve metal card, the American Express Clear Card or a PNC card with an orange core, the message is the same — design is a big part of making a top-of-wallet card.

Loan demand disappointed as optimism for economic growth under President Trump gave way to uncertainty over the prospects for regulatory relief and tax reform. Credit quality held up, but the retail and health care sectors have become potential trouble spots. Here’s a recap drawn from banks’ quarterly earnings calls.

All six big card issuers reported higher chargeoffs in their credit card businesses, a sign that the post-crisis era of exceptionally strong credit performance has run its course.