GLOBAL - American Express' fund management division was hit by a dramatic 95% fall in income during 2001, down to just $52m compared with the $1.03bn posted the previous year.
During the fourth quarter, American Express Financial Advisors (AEFA) saw income fall 33% during the final quarter of 2001, down $79m to $163m. Revenue fell by 11% to $949m, whilst managed assets d...
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