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For 3Q15, $DFS's provision for loan losses decreased by $22MM or 6% as compared to the same period in 2014. The decrease was mainly due to a smaller build of the allowance for loan losses as compared to the same period in 2014. For year-to-date 2015, provision for loan losses increased by $42MM or 4% versus the same period in 2014.
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.