Amex Stoops To Conquer

It's going after card deals with the banks it once ignored

On May 2, American Express CEO Harvey Golub lobbed the equivalent of a Molotov cocktail into a credit-card confab in Atlanta. After years of either ignoring or picking fights with banks, Golub invited his rivals to team up with him and issue American Express cards, something no U.S. bank has ever done.

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