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American Express told employees that they can work remotely through Labor Day.

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Email Address AmEx and many of its banking rivals across New York sent the vast majority of their workers home last year to stem the spread of Covid-19. Even with the advent of effective new vaccines, many employees are still working remotely—leaving large swaths of Manhattan’s business districts vacant. “At the beginning I think there were some challenges with distribution, and as they started to work distribution out, we now have challenges with supply,” Squeri said. “Logistics is always tough.” AmEx has been vocal about its need to offer flexibility to employees because many wo...

Send American Express Co said on Tuesday it expects an uptick in holiday travel this summer, but not business travel, as it seeks to recover from a year which dented airline traffic and hotel bookings, knocking 15 percent off its bottom line. The New York-based company still beat Wall Street estimates for profit as it lowered credit loss reserves and benefited from higher online spending by consumers stuck at home. “As we get into this summer season, this June, July, August and September, you will see a rush for people to travel, especially air travel,” CEO Stephen Squeri said on a post-e...

AmEx profit target relies on big improvement in credit, economy Jenny Surane, Bloomberg News Signage is displayed inside the American Express Co. Centurion Lounge during a media preview event at Los Angeles International Airport (LAX) in Los Angeles, California, U.S., on Thursday, March 5, 2020. AmEx has told shareholders that spending on membership services, which includes its lounge collection, will be its fastest-growing expense this year—cost decisions that came prior to the current crimp on global travel due to coronavirus. Photographer: Patrick T. Fallon...