Q3 Rise in Large-Client Transactions, 'Stabilization' in SME Slowdown 26038 0 26265 American Express Global Business Travel reported strong large-client transaction growth and slower small and ...

So that is driving the change on a quarter-over-quarter basis, you're correct. It was not the credit losses on a Q2 to Q3 basis. I think it's an attractive use of our cost of capital, to be honest. I ...