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

FED Hikes Rates

Fed Raises Rates, Signals More on the Way

The Federal Reserve raised interest rates on Wednesday and signaled that two additional increases were on the way this year, as officials expressed confidence that the United States economy was strong enough for borrowing costs to rise without choking off economic growth...

By | June, 14, 2018|Categories: Articles, Featured|Tags: , , , , , , , |0 Comments

FED Remains Lost in Space

Words of Wisdom

Federal Reserve Board Chairman Jerome Powell on Friday gave a shout-out both to central banks’ independence but also their need to be transparent. Speaking at an event hosted by the Swedish central bank in Stockholm, Powell said the Fed’s independence is important to both its monetary policy and regulatory missions...