American Express Falls After Report of FBI Investigation

The video discusses allegations against American Express for misrepresenting forex pricing to win business, as reported by the Wall Street Journal. The FBI and other authorities are investigating, while Amex has launched an internal review. Despite the allegations, Amex's stock has shown resilience, with a minor pullback. The impact on revenue remains unclear, but the focus is on small and mid-sized businesses. The video also highlights the competitive fintech landscape, with companies like Transferwise challenging traditional practices.

What practices were allegedly used by sales representatives when dealing with potential customers?

What steps has American Express taken in response to the allegations reported by the Wall Street Journal?