Fear of coronavirus-tainted money grows in U.S., opening new front in the war on cash [Financial Post (Toronto, Ontario, Canada)]
American Express Company (AXP)
Last american express company earnings: 4/24 07:00 am
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Source: Financial Post
Fear of coronavirus-tainted money grows in U.S., opening new front in the war on cash Some industry groups and banks have been urging the Federal Reserve to assure Americans there's minimal risk for using cash The signs began appearing around Seattle in the windows of Dick’s Drive-In, the city’s iconic burger chain: “In an abundance of caution, we ask you to please pay with credit or debit card if possible rather than cash.” Fear of dollars is now palpable in the U.S. epicentre of the coronavirus. And across the financial industry, a rigorous debate is brewing over how to address the public’s mounting concern that greenbacks might transmit COVID-19. Studies show it’s at least theoretically possible for other coronaviruses to survive on the dollar’s cotton-and-linen weave, though there’s little agreement on the actual risk of contagion. Behind the scenes, some industry groups and banks have been urging the Federal Reserve and Treasury Department to issue a statement assuring Americans
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AXP
Earnings
- 10/18/24 - Beat
AXP
Sec Filings
- 11/12/24 - Form 4
- 11/8/24 - Form 4
- 11/7/24 - Form 144
- AXP's page on the SEC website