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Barclays analyst Jay Gelb asks about the potential magnitude of the 3Q16 actuarial assumption review. $MET says that it accelerated the economic assumption review & the risk margin review for the VA business. The other reviews done on mortality and morbidity will have to wait until the company gets there. But history-wise, those tend to be modest.
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.