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Fiona Swaffield of RBC Capital asks about the decline in security services margins and volumes. $GS said this was reflective of activity levels. As the markets were volatile in 1Q16 and 2Q16, these translated with respect to demand, market prices and spread. There is nothing of significance and this was only reflective of the environment.
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.