Matt Levine, Columnist

Nobody Pays Attention to FX Fees

Also Monopoly, MoviePass, hedge funds and DJs.

July 30, 2018 at 3:08 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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AmEx FX.

Oh man, this story about American Express Co.’s foreign-exchange business is so elemental, so basic, it ought to be a business-school case study, or an ethics question on financial licensing exams: