Amex partners with Airbnb to expand travel booking options

American Express and Airbnb have partnered to add over 1 million Airbnb listings to Amex Travel. Cardholders can earn rewards on bookings, with Platinum members also eligible for credits on Luxe stays and Experiences. Amex aims to enhance its travel rewards platform amid increased competition in premium credit cards.

The EU's highest court ruled that hosts on platforms like Airbnb and Booking.com can be required to obtain authorization in Brussels, but Belgian judges must ensure the rules are justified and protect rights. The Brussels Court of Appeal will now decide on rental operator Smartflats' challenge.

Hedgeye upgraded Airbnb to a top long-term investment pick, citing potential gains from business momentum, market share growth, and hotel expansion. The firm sees further upside despite the stock's year-to-date outperformance, according to analyst Sean Jenkins.

American Express was fined $350 million by regulators for anti-money laundering failures, missing $13 billion in suspicious transactions over 11 years. The OCC and Federal Reserve ordered the bank to overhaul compliance programs and hire an independent reviewer. American Express neither admitted nor denied the findings and stated the penalty would not affect 2026 financial guidance.

American Express (AXP) was fined $350m by US regulators for inadequate AML controls, allowing $13bn in suspected illicit activity. The OCC found systemic failures in monitoring and reporting. AXP must overhaul its AML framework and accepted the orders without admitting fault. The penalty won't affect its 2026-2027 financial guidance. Shares fell 0.3% premarket.

American Express National Bank was fined $350m by the OCC for inadequate anti-money laundering controls. The OCC cited deficiencies in the bank's compliance program, including insufficient resources, weak internal controls, and failures in monitoring and reporting. The penalty will go to the US Treasury. According to the OCC, the bank failed to identify and report around $13bn of suspected trade-based money laundering activity over the past decade.