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AmEx to cut $1 billion in costs by end of 2017

January 21, 2016 by · Leave a Comment 

(Reuters) – Credit card issuer American Express Co said it would cut $1 billion in costs by the end of 2017 as it responds to intensifying competition in the payments industry. AmEx's shares fell 4.1 percent to $60.05 in extended trading on Thursday, after the company reported its fourth straight decline in

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AmEx to cut $1 billion in costs by end of 2017

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