American express employees misled and coerced scores of small business owners into signing up for cards according to a new report from the wall street journal.
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Photographs by andrew spear for the wall street journal march 1 2020 10 00 am et the american express co.
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The fbi began its investigation in august the people said after the wall street journal citing current and former employees reported that amex s foreign exchange unit had recruited business.
Saleswoman had finally convinced bryan daughtry to apply for a card.
American express with a market cap of about 98 billion has had years with double digit losses in its annual performance in.
Engages in the provision of charge and credit card products and travel related services.
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American express gave small businesses one rate then secretly raised it the forex division s commissions driven culture was cited by current and former employees as fueling the practice.
Employees reportedly checked.
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