American Express

Contest Info

  • Started: 11/12/2008 17:00
  • Ended: 11/15/2008 18:00
  • Level: advanced
  • Entries: 28
  • Jackpot:
  • FN Advanced 1st Place $5
  • FN Advanced 2nd Place $3
  • FN Advanced 3rd Place $2
  • FN Advanced 4th Place $1
American Express
Contest Directions: Days ago American Express asked and received the Fed's approval to become a bank, so that it can use part of the $700 billion bailout amount. Now it wants $3.5 billion out of the $700 billion bailout pie. Amex reasoning for such request is - "we lost a lot of money due to missed credit card payments. Now it's only fair to get part of this money back from taxpayers."
Photoshop anything related to American Express company. Some examples are: showing what other type of company AmEx can become (fast food chain? movie company?, etc.) and what products it will offer (meal cards, stamps, etc.); show creative uses for American Express credit cards if the company goes bust, design a new AmEx company logo or new name, design new credit cards for American Express, photoshop movies sponsored or produced by AmEx. These are just some ideas. Here's a good example by Mundo.

Contest Info

    • Started: 11/12/2008 17:00
    • Ended: 11/15/2008 18:00
    • Level: advanced
    • Entries: 28
    • Jackpot:
    • FN Advanced 1st Place $5
    • FN Advanced 2nd Place $3
    • FN Advanced 3rd Place $2
    • FN Advanced 4th Place $1
28 pictures
  • American Express CPR

    American Express CPR
  • Bank of Barack Obama Money

    Bank of Barack Obama Money
  • China Buys American Express

    China Buys American Express
  • Homeless Man Living in a House of Cards

    Homeless Man Living in a House of Cards
  • Oliver Twist Agent for American Express Wanting More Money

    Oliver Twist Agent for American Express Wanting More Money
  • American Express Train

    American Express Train
  • American Bailout Bingo

    American Bailout Bingo
  • American Espress-O Coffee

    American Espress-O Coffee
  • American Express Conquers Wall Street

    American Express Conquers Wall Street
  • Marat's American Express Card Revoced

    Marat's American Express Card Revoced
28 image entries
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This contest is fueled by the following news: American Express (ticker tape: NYSE: AXP) is global financial services company, which has headquarters in New York. Company is known for its credit cards, charge cards & "traveller's cheques". Common stocks of the company are traded on the New York stock exchange. It is one of 30 stocks, which include Dow Jones Industrial Average. Usually, American Express is shortened as "Amex". Welfare work American Express is one of the provider companies of the American Enterprise Institute. American Express, one of the world leaders in credit card services, will be transformed into bank holding company, informs The New York Times. Banking Regulations Committee of Federal Reserve System, USA has already given approval for changing the status of financial organization. Actually, nothing changes for clients of American Express - future bank will, as usual, cater to the issued cards. Organization can considerably expand the list of financial services, rendered by it & due to this, it can have new more reliable source of income. Besides, American Express can apply for governmental credit of $3.8 billion. For last year, stocks of American Express have gone cheaper by 60.35%. On November 12, 2008, capitalization of financial organization constituted $25.98 billion. To cut the expenditure, American Express, at the end of October 2008, took a decision to sack 10% of its employees & to freeze the compensation of the directors. These measures will allow the company to save $1.8 billion in 2009. American Express is not the first organization in USA, which has decided to become diversified bank. On September 21, 2008, Federal Reserve permitted investment banks "Goldman Sachs" & "Morgan Stanley" to change the legal status from independent investment banks to bank holding company. As a result of the conversion, former investment banks can create commercial divisions, which will operate client accounts.