Latest news with #AmexBankofCanada
Cision Canada
14-05-2025
- Business
- Cision Canada
Amex Bank of Canada's 2024 Public Accountability Statement Now Available Français
TORONTO, May 14, 2025 /CNW/ - Amex Bank of Canada's 2024 Public Accountability Statement is now available here which, in accordance with Canadian federal regulation, provides an overview of the Bank's contributions to Canada's economy and society. ABOUT AMERICAN EXPRESS American Express is a global, premium payments and lifestyle brand powered by technology. Our colleagues around the world back our customers with differentiated products, services and experiences that enrich lives and build business success. Founded in 1850 and headquartered in New York, American Express' brand is built on trust, security, and service, and a rich history of delivering innovation and Membership value for our customers. With a hundred million merchant locations on our global network in over 200 countries and territories, we seek to provide the world's best customer experience every day to a broad range of consumers, small and medium-sized businesses, and large corporations. American Express began in Canada in 1853 with the opening of offices in Toronto. Today we operate as Amex Bank of Canada and Amex Canada Inc. and proudly employ over 1,700 Canadians.
New York Times
06-02-2025
- Business
- New York Times
6 Inaccurate Claims Trump Has Used to Justify His Flurry of Orders
President Trump, while issuing a rapid-fire series of executive orders and directives since taking office, has rationalized his initiatives with a series of false and misleading claims. In trying to deny automatic citizenship for some born in the United States, he falsely described other countries' laws. In rescinding climate policies, he mischaracterized obligations made by countries in the Paris climate agreement. And in defending a chaotic rollout that froze federal funding, he cited an example of waste that lacked evidence. Here's a fact check. What Was Said Video False. There are more than a dozen U.S.-based banks and subsidiaries operating in Canada. Mr. Trump made the claim after he imposed tariffs on Canada, but before Canada negotiated a delay. His assertion would have been more correct about a quarter of a century ago. Since 1999, though, foreign banks have been allowed to establish branches in the country, according to a report by Statistics Canada, a government data agency. Previously, foreign banks could only operate subsidiaries there. Branches are essentially the Canadian offices of banks headquartered in other countries, but they cannot accept deposits smaller than 150,000 Canadian dollars. Subsidiaries can accept smaller deposits, but they are separate legal entities from their parent companies. American banks operating in Canada as either subsidiaries or branches include: Amex Bank of Canada, Bank of America, Bank of New York, Capital One, Citibank Canada, Comerica Bank, Fifth Third Bank, J.P. Morgan Canada, M&T Bank, Northern Trust, PNC Bank, State Street, U.S. Bank and Wells Fargo. Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times. Thank you for your patience while we verify access. Already a subscriber? Log in. Want all of The Times? Subscribe.
