<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20081111/bs_nm/us_financial_usa_amex"><img src="http://d.yimg.com/us.yimg.com/p/nm/20081111/2008_11_10t183959_450x450_us_financial_usa_amex.jp g?x=130&y=130&q=85&sig=MLdO5tYnEyNXYzaLMWWshA--" align="left" height="130" width="130" alt="An American Express card is seen in a handout photo. (PRNewsFoto/Reuters)" border="0" /></a>Reuters - American Express Co said it won approval to become a bank holding company, in a step that could cut its borrowing costs and give it more access to government money.</p><br clear="all"/>

View the entire article: Fed OKs American Express as bank holding company
(Reuters)