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$CMA's criticized loans grew $537MM to $2.9Bil or 6% of total loans, which is well below historical average. The increase was driven by $480MM increase in criticized loans related to energy. Inflows to non-accruals declined from the 2Q15 & were $69MM of which $25MM were energy related. Total non-accrual loans were stable at 73BP to total loans.
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.