Bloomberg News
MULTIPLE FRONTS: Discover is "excited" about its checking business but "working through" regulatory concerns, facing a "challenging time" in mortgages and trying to restart U.S. debit-card-network growth, CEO David Nelms says.

Discover Shows Strength in Cards, Vulnerability Elsewhere

The company lowered its forecast for credit card losses Thursday, but also acknowledged weaknesses in some of its smaller business lines such as mortgages and U.S. debit cards.

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