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Home / News / American Express posts $1.2 billion loss due to new tax law

American Express posts $1.2 billion loss due to new tax law

Credit card company American Express posted a $1.2 billion loss in its latest quarter after booking large one-time charges related to the new tax law. The company also announced it would suspend its share buy-back program for six months to rebuild its capital following the charge. American Express Co. said Thursday it lost $1.41 a share ...

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