American Express Playing With FX

FBI Investigating AmEx

The Federal Bureau of Investigation has launched a probe into pricing practices within American Express Co.’s foreign-exchange unit. The investigation is in its early stages and is focused on whether the foreign-exchange international payments department misrepresented pricing to clients in order to win their business...

By | September, 6, 2018|Categories: Articles, Featured|Tags: , , , , , |0 Comments

GENERAL ELECTRIC’S STRUGGLES CONTINUE

More Bad News

General Electric Co. said securities regulators have opened a probe into the company’s accounting practices, a new challenge to the conglomerate’s efforts to untangle its problems and turn around its struggling business. The Securities and Exchange Commission is investigating how the company recognized revenue from long-term service contracts...

By | January, 25, 2018|Categories: Articles, Featured|Tags: , , , , , |0 Comments