Discover Financial Profit Plunges 68% as Compliance Costs Bite
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Discover Financial Profit Plunges 68% as Compliance Costs Bite
Discover Financial Services, the lender that agreed to be acquired by Capital One Financial Corp. in the year's biggest announced deal,...
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Discover Financial Profit Dives 68% as Compliance Costs Bite
(Bloomberg) -- Discover Financial Services, the lender that agreed to be acquired by Capital One Financial Corp. in the year’s biggest announced deal, posted a sharp drop in first-quarter profit as it worked to address compliance and risk-management deficiencies.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingRed Lobster Considers
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Tesla Calls Itself an AI, Robotics Company as Profits Plunge 55%
There was nothing electric about electric vehicle (EV) maker Tesla’s latest financial results. The company reported its first quarter 2024 earnings results Tuesday (April 23), disclosing a 55% drop in profits when compared to the same period last year. “We experienced numerous challenges in Q1, from the Red Sea conflict and the arson attack at Gigafactory […]