American Express Direct Banking
American Express Company (NYSE: AXP), sometimes known as "AmEx", is a diversified global financial services company that is headquartered in New York City. Founded in 1850, it is one of the 30 components of the Dow Jones Industrial Average. The company is best known for its credit card, charge card, and traveler's cheque businesses. Amex cards account for approximately 24 percent of the total dollar volume of credit card transactions in the US, the highest of any card issuer.
BusinessWeek and Interbrand ranked American Express as the 15th most valuable brand in the world, estimating the brand to be worth US$21.94 billion. Fortune listed Amex as one of the top 30 Most Admired Companies in the World.
On November 10, 2008, during the financial crisis of 2008, the company won Federal Reserve System approval to convert to a bank holding company.
American Express Bank is the International Banking Subsidiary of American Express that provides services to financial institutions, high net worth individuals and affluent customers through more than 72 locations in 45 countries. The Financial Institutions Group (FIG) provides payments, cash management, investment and credit and trade finance products for financial institutions worldwide. Global Wealth Management (GWM) includes the private bank and financial advisory services. Global Financial Markets (GFM) provides trading services to the Bank's Global Wealth Managements clients, as well as to client banks, funds and corporate customers. The Global Investment group (GIG) distributes traditional and innovative investment products.
Services:
High Yield Savings, Certificates of Deposit.


