Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.
🟢 New in Current Filing
Risks Relating to the Acquisition of Discover
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🟢 New in Current Filing
The consummation of the Transaction is contingent upon the satisfaction of a number of conditions, including stockholder and regulatory approvals, that may be outside either party’s control and that either party may be unable to satisfy or obtain or which may delay the consummation of the Transaction or result in the imposition of conditions that could reduce the anticipated benefits from the Transaction or cause the parties to abandon the Transaction.
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🟢 New in Current Filing
We expect to incur substantial expenses related to the Transaction and to the integration of Discover.
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🟢 New in Current Filing
We may fail to realize all of the anticipated benefits of the Transaction, or those benefits may take longer to realize than expected due to factors that may be outside our control or Discover’s control. We may also encounter significant difficulties in integrating Discover.
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🟢 New in Current Filing
Our future results may suffer if we do not effectively manage our expanded operations following the Transaction.
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🟢 New in Current Filing
While the Transaction is pending, we will be subject to business uncertainties and contractual restrictions that could adversely affect our business and operations.
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🟢 New in Current Filing
A downgrade in our credit ratings could significantly impact our liquidity, funding costs and access to the capital markets.
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🔴 No Match in Current Filing
Our results of operations may be adversely affected by the effects of the COVID-19 pandemic.
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🔴 No Match in Current Filing
The transition away from LIBOR may adversely affect our business.
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🟡 Modified
Climate change manifesting as physical or transition risks could adversely affect our businesses, operations and customers and result in increased costs.
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🟡 Modified
Our required compliance with applicable laws and regulations related to privacy, data protection and data security, in addition to compliance with our own privacy policies and contractual obligations to third parties, may increase our costs, reduce our revenue, increase our legal exposure and limit our ability to pursue business opportunities.
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🟡 Modified
We face risks from catastrophic events.
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🟡 Modified
We face risks related to our operational, technological and organizational infrastructure.
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🟡 Modified
Compliance with new and existing domestic and foreign laws, regulations and regulatory expectations is costly and complex.
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🟡 Modified
Reputational risk and social factors may impact our results and damage our brand.
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🟡 Modified
Our business, financial condition and results of operations may be adversely affected by merchants’ efforts to reduce the fees charged by credit and debit card networks to facilitate card transactions, and by legislation and regulation impacting such fees.
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🟡 Modified
Summary of Risk Factors
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🟡 Modified
Fluctuations in interest rates or volatility in the capital markets could adversely affect our business, results of operations and financial condition.
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🟡 Modified
The soundness of other financial institutions and other third parties, actual or perceived, could adversely affect us.
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🟡 Modified
We face risks resulting from the extensive use of models, AI, and data.
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🟡 Modified
Changes and instability in the macroeconomic environment could disrupt capital markets, reduce consumer and business activity, and weaken the labor market, all of which could impact borrowers’ ability to service their debt obligations and adversely impact our financial results.
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