Risk Factors Update Summary
- Interest rates decreased in 2023, but the Federal Reserve intends to begin decreasing rates in 2024.
- Unrealized losses on securities portfolio could affect liquidity, regulatory capital ratios, and market perceptions.
- The company plans to integrate recent acquisitions, including Charter, to exploit cost-saving opportunities.
- Artificial intelligence may exacerbate risks, impacting anti-fraud measures and increasing cybersecurity spending.
- Changes in interest rate benchmarks may impact funding ability and management of interest rate risk.
- Fluctuations in interest rates can have adverse effects on the company's business and market conditions.
- The company has recently begun paying dividends and may adjust its dividend policy.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1174850&owner=exclude
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