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$PBCT said in 2Q16, originated loans in the commercial portfolio increased $413MM from 1Q16, driven primarily by $372MM of C&I growth. Equipment financing and commercial real estate contributed growth of $30MM and $11MM respectively. The end-of-period balance for mortgage warehouse reached $1.2Bil.
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.