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$USB 2Q15 Call: When asked about whether reinvestment of excess deposit growth in 1Q15 will go towards loan side rather than securities or if there’s going to be investment securities growth, Kathy explained reinvestment of excess deposit growth will help offset deposit increase and also said that the deposits growth will be used by loans.
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.