American Express Latest to Become Bank
By: PAUL JACKSON
November 10, 2008
The Federal Reserve Board on Monday announced its approval of the applications and notices under sections 3 and 4 of the Bank Holding Company Act by American Express Company and American Express Travel Related Services Company, Inc., both of New York, New York, to become bank holding companies on conversion of American Express Centurion Bank, Salt Lake City, Utah, to a bank, and to retain certain nonbanking subsidiaries, including American Express Bank, FSB, Salt Lake City, Utah.
Everyone is moving into the FDIC’s purview, and at HW, we don’t think that’s a mistake.
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Events
2009 Feb 08 -- 2009 Feb 11
ASF 2009
The largest U.S. conference by and for the securitization industry. This year's agenda takes on added importance given financial turmoil. For more information: http://www.americansecurization.org
2009 Feb 17 -- 2009 Feb 19
MBA Mortgage Servicing Conference & Expo
The MBA's annual event for residential mortgage loan servicers is likely to be pretty well-attended this year. For more information: http://www.mortgagebankers.org
2009 Feb 25 -- 2009 Feb 28
MidWinter Executive Housing Conference
FHFA's James Lockhart keynotes this long-running independent event, now in its 38th year. As famous for skiing as for its sessions. For more information: http://www.midwinterconference.com/
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