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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.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.