Standard Chartered to Buy American Express Bank Unit (Update4) (Bloomberg.com) by Visa travel card

Thu, 11 Oct 2007 21:00:13 +0200

Standard Chartered to Buy American Express Bank Unit (Update4) (Bloomberg.com)

by Visa travel card (visa-travel-card) @ Thu, 11 Oct 2007 21:00:13 +0200

Sept. 18 (Bloomberg) -- Standard Chartered Plc, the U.K. bank that derives most of its profit from Asia, agreed to buy the banking unit of American Express Co. for about $860 million to gain branch licenses in India and Taiwan and add wealthy clients.

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