kayla taushy tells us what to look for. >> reporter: american express is fond of referencing its successful transition from a freight company more than a century ago. but the payments processor is now facing a modern and very long to do list and investors hope wednesday when it reports earnings it can prove it's making progress. it's time to upend its business model. amex currently gets more than three-quarters of its revenue from merchant transaction fees and annual fees customers pay for its cards. the company wants a bigger share from interest paid on loan balances similar to big banks that issue credit cards. the problem is 20% of the company's lopes outstanding as part of its partnership with costco and that's ending. the second question is how amex will plug that hole, with partnerships with not only costco but jet blue ending. the company did say in march loans grew by 12% year over year. but the question is how they will plug that hole. third, wooing millennials to the brand. they're either disillusioned because they're rejected for the card, or they want cash back which comes out o

kayla taushi joins us now. >> these living wills are the resolution plans that the banks would use toffectively declare bankruptcy in the next down turn. the fed and the fdic at this hour are announceing thing that the 8 banks have deemed not credible, bank of america, bank of new york, melon, jpmorgan state street and wells fargo. for a few other banks, the fed or the fdic noted some weakness ns the plans but because they could not agree on these tee fi defish y deficiencies, they sailed through. citigroup was found to have no major issues by the fed and the fdic. certainly, that would be a stamp of approval for a bank that has had issues on the stress test in the past. four foreign banks set to go through the resolution plans have had their deadlines delayed by the fed and fdic. we would expect to have the agencies weigh in on barclays, credit suisse, doeutsche bank ad ubs. they are expected to submit progress reports as they continuously address these plans. some of the changes might require difficult choices for the banks that aren't necessarily ideal for day to day operations of