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$BAC grew deposits $12Bil from 2Q15 while long-term debt was down by approx. $6Bil. Liquidity rose to $500Bil, a record level. Tangible book value increased 10% YoverY and tangible common equity ratio was up 7.8% as asset growth was outpaced by equity improvement. $BAC loans on an EOP basis was up $1.2Bil from 2Q15.
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.