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KM Financial Solutions | CORRECTED-AmEx posts first loss in 26 years on tax charge, suspends buybacks
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CORRECTED-AmEx posts first loss in 26 years on tax charge, suspends buybacks

17 Jan CORRECTED-AmEx posts first loss in 26 years on tax charge, suspends buybacks

Posted at 21:18h in News by
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Jan 18 (Reuters) – American Express Co posted its
first quarterly loss in 26 years, due a $2.6 billion charge
related to the U.S. tax law overhaul and the credit card issuer
also said it would suspend its share buyback program for the
first half of 2018.

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