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During 2015, $STI's efficiency ratio improved to 63.1% from 66.7% in 2014. Tangible efficiency ratio also improved to 62.6%, which was better than its 2015 target, and also better than its 2014 tangible efficiency and adjusted tangible efficiency ratios of 66.4% and 63.3%, despite significant headwinds from declining net interest margin.
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.