BDO acquires business of American Express here.(Business News)

From: Manila Bulletin | Date: August 18, 2007 | Copyright information

Banco de Oro-EPCI, Inc. (BDO) announced yesterday its acquisition of the American Express business in the Philippines, which includes the American Express Philippines US dollar and peso card portfolios as well as the consumer banking services of American Express Savings Bank (AESB).

Concurrent with the sale, BDO entered into a partnership agreement with American Express that allows BDO to issue American Express Cards in the Philippines. The said transaction is still subject to regulatory approvals.

American Express will continue to operate its other business in the ...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

Visa, American Express War Escalates to Merchant Ranks
; ...Wolfgang Puck does not take American Express _ not any more _ and the card company is crying foul. American Express is appealing directly to its...companies. Puck has stopped taking American Express at Spago and his Granita restaurant...
AmEx takes to field in credit battle; Court decision clears the way, ad fight awaits.(News)(American Express Co.)
; Byline: BRADLEY JOHNSON american express co. is game to charge against...when they play cards with American Express. The Supreme Court last week...financial institutions to issue American Express cards. The first such cards...
American Express: king of cards no longer Once an icon, company struggles not to become just another player
; ...Now it could be happening to the American Express card. One day, you're the symbol of...skyscraper, or magazine, or suit. The American Express card, an icon of American consumerism...Faced with a sort of identity crisis, American Express is worrying about its numbers. The...
American Express to modify its rates
; ...of protest against the service fee American Express Co. charges restaurants, the New York...reduction in its rates. Beginning June 1, American Express' first fee change in 13 years will...president of establishment services at American Express' Travel Related Services division...
American Express defends fees with service. (American Express Co.; restaurants' protests on high credit card fees charged countered with claim of better service)(includes related article on credit card )
; AMERICAN EXPRESS DEFENDS FEES WITH SERVICE At the...Restaurant Association convention in May, American Express introduced a business-building marketing...To encourage people to eat out, American Express says it will hire a celebrity spokesperson...
'80s Deals Showed American Express Could Use a Dose of Street Smarts
; ...get fleeced on Wall Street, take a look at American Express Co.'s disastrous 12-year foray into brokerage...calling its brokerage subsidiary Shearson/American Express, American Express should have called it "shear some American...
Restaurateurs take on American Express
; American Express Co. may yield to mounting pressure...profits. At a meeting in Boston today, American Express officials will talk with five restaurant...unless the company cuts its rates. "American Express is a great product and we want their...
SA's new big customer totes a heavy pencil. (American Express mail order business increases apparel line)
; ...CUSTOMER TOTES A HEAVY PENCIL NEW YORK -- American Express may be well on its way to becoming...more aggressively than in the past. American Express previously focused its apparel offerings...its merchandise services division. American Express officials declined to discuss the...
American Express, Advanta Corp. Strike Deal on Premiums.(Originated from The Philadelphia Inquirer)
; Nov. 8--American Express may have struck a small blow in its ongoing war to get Visa and MasterCard to allow banks to issue the American Express Card. American Express and Advanta Corp., the Horsham, Pa., company near Philadelphia...
Catalog sales of fur by American Express protested at parley. (American Express Co.'s annual meeting)
; CATALOG SALES OF FUR BY AMERICAN EXPRESS PROTESTED AT PARLEY NEW YORK...morning while the annual meeting of American Express Co. was going on inside. The members of PETA were protesting American Express's merchandising of furs in its...