American Express says reaches deal with Visa

NEW YORK (Reuters) - American Express (AXP.N) on Wednesday said it had reached a settlement with Visa, removing Visa from a lawsuit American Express had filed against rivals for anti-competitive practices.

Under the agreement, Visa will pay a maximum of $2.5 billion, American Express said.

"We plan to move forward with the litigation to hold MasterCard accountable...," said Kenneth Chenault, American Express chief executive, in a company statement.

(Reporting by Lilla Zuill)