American Express may face its Microsoft moment

September 4, 2015

The $75 bln credit-card firm led by Ken Chenault is ValueAct’s latest target. It’s not clear how breaking up or returning capital will remedy Amex’s subpar growth and lagging stock. Going after the long-serving boss, ValueAct’s successful strategy at the software giant, might.

Wal-Mart’s banking twist curls through many cracks

October 8, 2012

The retailer’s new venture with American Express looks a good option for poorer Americans lacking access to financial services. The card also may tempt bank customers with a model that’s neither credit nor typical debit. But with deposits uninsured, regulators must watch closely.