Rochester, NY 8/18/2009 12:52:40 PM
News / Business

American Express Company, AXP ,American Express See Improvement on the Rate Payments

American Express Company

American Express, one of the leading U.S. credit-card issuers reports an improvement in rate of the delinquent payments of the company.

American Express Co. and Bank of America Corp. reports that there is a small drop in the level of borrowers who were at least a month behind in their payments in July as compared with the month before. Discover Financial Services Inc. said that its delinquency rate was unchanged, while Capital One Financial Corp. announced a slight increase, this was far better than what the industry experts had anticipated.

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