American Express Bank Ltd
 |
|
| Public | |
| Traded as | |
| Industry | Banking, Financial services |
| Predecessor | Livingston, Fargo & Company Wells, Butterfield & Company Wells & Company |
| Founded | March 18, 1850 in Buffalo, New York, United States |
| Headquarters | Three World Financial Center, New York City, New York, United States |
|
Area served
|
Worldwide |
|
Key people
|
Kenneth Chenault (Chairman and CEO) Stephen Squeri (Vice Chairman) |
| Products | Charge cards, Credit cards, Traveler's cheque |
| Services | Finance, Insurance, Travel |
| Revenue |
 US$32.119 billion (2016) |
 US$5.408 billion (2016) |
|
| Total assets |
US$58.893 billion (2016) |
| Total equity |
US$20.501 billion (2016) |
|
Number of employees
|
56,000 (2016) |
| Website | www |
The American Express Company, also known as Amex, is an American multinational financial services corporation headquartered in Three World Financial Center in New York City. The company was founded in 1850, and 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. In 2016, credit cards using the American Express network accounted for 22.9% of the total dollar volume of credit card transactions in the US. As of December 31, 2016, the company had 109.9 million cards in force, including 47.5 million cards in force in the United States, each with an average annual spending of $17,216.
In 2016, Interbrand ranked American Express as the 25th most valuable brand in the world, estimating the brand to be worth US$18.358 billion. In 2017, Fortune ranked American Express as the 17th most admired company worldwide.
The company's logo, adopted in 1958, is a Centurion whose image appears on the company's traveler's cheques, charge cards and credit cards.
In 1850, American Express was started as an express mail business in Buffalo, New York. It was founded as a joint stock corporation by the merger of the express companies owned by Henry Wells (Wells & Company), William G. Fargo (Livingston, Fargo & Company), and John Warren Butterfield (Wells, Butterfield & Company, the successor earlier in 1850 of Butterfield, Wasson & Company). Wells and Fargo also started Wells Fargo & Co. in 1852 when Butterfield and other directors objected to the proposal that American Express extend its operations to California.
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Wikipedia