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In 1Q16, $PNC said net interest income increased by $6MM linked-quarter despite a lower day count driven by growth of $10MM in core net interest income. Non-interest income was $1.6Bil, down 11% linked-quarter. This decline was primarily driven by weaker equity markets and lower capital activity along with seasonally lower client revenue.
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.