Want to join the conversation?
$CMA 2Q15 Q&A: When Alexopoulos of JP Morgan asked about prior to 2Q15, established a provision based on peak losses & why had that not been enough so far, Karen replied, equated qualitative reserve at the beginning of downturn to be about equal to the peak net charge-offs in the last cycle, and increased reserves in the current cycle prudently.
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.