American Express Boosts Full-Year Outlook as Consumers Opt for Premium Cards

American Express has raised its full-year guidance thanks to a robust demand for its higher-end credit card offerings. This development comes as more customers are increasingly embracing pricier credit options that often come with enhanced perks and benefits. The financial giant's latest update reflects a positive shift in consumer behavior, showcasing a willingness among consumers to invest in cards that promise a richer overall experience.

Continue reading

Monzo Aims to Disrupt American Express with New Offerings for Small Businesses

In a bold move to increase its footprint in the competitive world of business banking, Monzo has unveiled a new suite of services specifically designed for small businesses. This initiative marks a direct challenge to industry giants like American Express (Amex), as Monzo seeks to capture a larger share of the small business banking market.

Continue reading