American Express Under FBI Investigation Following FX Malpractice

[kreslik.news]

A report from the Wall Street Journal this Thursday suggests thatAmerican Express (AmEx), a financial services firm best known for its credit cards, is under investigation by the Federal Bureau of Investigation (FBI).

The alleged probe is due to supposed malpractice in AmEx’s foreign exchange (FX) division. Thursday’s report suggests that AmEx lied about their prices in order to attract clients. Once those clients had signed up for AmEx’s services, they then raised their prices without warning.

[url=https://events.financemagnates.com/londonsummit/?utm_source=FM&utm_medium=AUTOLINK&utm_campaign=Article&utm_content=fmls18]Join the Leading Industry Event![/url]

According to the Wall Street Journal, the FBI – an organisation many of ... (read more)