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In 2015, $ZION underwent a balance sheet restructuring which contributed to overall changes in risk profile. Company reduced risk primarily by selling remaining non-core securities CDO portfolio, improved earning asset mix with the purchase of HQLA securities while maintaining asset sensitivity, and reduced long term debt by 25% in 2015.
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.