Ken Chenault's Parting Warning: Banks Made Big Error on Payments
Kenneth “Ken” Chenault, chairman and chief executive officer of American Express Co. (Photographer: Daniel Acker/Bloomberg)

Ken Chenault's Parting Warning: Banks Made Big Error on Payments

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(Bloomberg) -- Ken Chenault addressed his last investor conference Tuesday as head of American Express Co., delivering a stark warning: China’s payments model is coming, and U.S. banks risk being s...
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