By Steve Gelsi, MarketWatch


American Express on Wednesday issued a cautious compliment to rival MasterCard as the credit-card firm moves ahead with its initial public offering.

Gary Crittenden, the chief financial officer of American Express, told analysts at the Lehman Brothers Financial Services Conference that the IPO will help improve transparency at the rival credit-card firm.


For this complete story, please visit Amex gives nod to MasterCard IPO.


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