American Express And Wells Fargo Team Up on Credit Cards

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Mani
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American Express Company (NYSE:AXP) and Wells Fargo & Co (NYSE:WFC) are joining hands to facilitate Wells Fargo’s attempt to market a portfolio of credit cards to its consumers. The fourth-biggest U.S. bank, Wells Fargo & Co (NYSE:WFC), will make Amex Cards available in the market place nationwide by mid-2014. However, financial terms of the deal were not disclosed. Wells Fargo to launch pilot program soon The nation’s largest home lender, Wells Fargo customers will be able to apply for the Amex cards through mail, online, phone and 6,000 retail store locations. Wells Fargo & Co (NYSE:WFC) will conduct a pilot program for customers in…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports