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This Month: Main News - Standard Chartered To Buy Amex Bank.(Standard Chartered Bank PLC to buy American Express Bank Ltd. (New York, New York))

Publication: The Banker
Publication Date: 01-OCT-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: This Month: Main News - Standard Chartered To Buy Amex Bank.(Standard Chartered Bank PLC to buy American Express Bank Ltd. (New York, New York))(Brief article)

Article Excerpt
Emerging markets specialist Standard Chartered has agreed to buy the banking unit of American Express (AEB) for about $860m, gaining branch licences in India and Taiwan and adding wealthy clients to its newly launched private banking operation. The acquisition will also double Standard Chartered's dollar-clearing business.

American Express, the...

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