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What will be the next significant action by American Express in Russia by end of 2024?
2
Resolution / Starting Odds
Complete liquidation • 25%
Resume operations • 25%
Sell assets to another entity • 25%
No significant action • 25%
Official announcements from American Express or the Central Bank of the Russian Federation
Story
Russia Revokes License of American Express Bank LLC
Aug 13, 2024, 09:09 AM
The Central Bank of the Russian Federation has revoked the banking license of American Express Bank LLC, the Russian subsidiary of American Express Co. This decision follows a voluntary liquidation request filed by the U.S. lender's unit. American Express Bank had previously suspended its operations in Russia and was among the U.S. credit card companies that blocked Russian banks from their payment networks in response to Russia's 2022 invasion of Ukraine.
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Less than 3 million • 25%
3-3.5 million • 25%
3.6-4 million • 25%
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3 million to 3.5 million • 25%
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