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Federal Government Grants American Express Bank Holding Status

Federal Government Grants American Express Bank Holding Status

DES PLAINES, IL – NOVEMBER 11: A sign showing the American Express logo is seen outside of a bank November 11, 2008 in Des Plaines, Illinois. American Express won federal approval to become a bank holding company which could cut its borrowing costs and allow access to government money. (Photo by Justin Sullivan/Getty Images)

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