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Christian Bolu of Credit Suisse asked whether the company expects the mix shift in asset management to reverse going forward. CFO Harvey said $GS is looking to provide service to all clients as best it can through long, long cycles. Looking at the future, Harvey said he would point more to the flows than the asset mix.
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.