UPDATE 2-AmEx to cut spending by $3 bln to survive virus-hit economy
Credit card issuer American Express Co
said on Friday it would cut spending by nearly $3
billion in 2020 after its quarterly profit sank 76% as it set
aside more money to brace itself against a wave of potential
delinquencies.
said on Friday it would cut spending by nearly $3
billion in 2020 after its quarterly profit sank 76% as it set
aside more money to brace itself against a wave of potential
delinquencies.
Posted by Reuters
