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$CFG said that its 1Q16 allowance to loan ratios came in at 1.21%, while the allowance to NPL ratio was 113%, both of which are relatively flat to 4Q15. During 1Q16, the company identified a $373MM portfolio of consumer real estate TDR loan that it plans to sell late in 2Q16 or early 3Q16. $CFG transfers these to loans to held-for-sale.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.