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$FHN's 1Q16 total loans were up 2% in linked quarter and 7% YoverY. Fixed income fee revenues were strong, up 8% linked quarter and 9% YoverY. The company said that the adjusted expense of $223MM includes higher variable compensation related to fixed income revenues and the normal seasonal impact of 1Q16 FICA.
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.