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Financial services provider $SCHW's May 2016 net new assets brought by new & existing clients were $16Bil, while total client assets were a record $2.61 trillion at month-end, up 1% vs. May 2015 & up 1% vs. April 2016. $SCHW's client assets obtaining ongoing advisory services were record $1.31 trillion, up 3% vs. May 2015 & up 1% vs. April 2016.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.