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$CMA, which competes with banking giants $C, $WFC and $BAC said that geographically, Texas is facing headwinds from the energy cycle with loans up 2% and deposits stable vs. 2014, while in California, average loans were up 8% vs. 2014 and deposits were up 10%. Average loans in Michigan were stable, while deposits were up 4% vs. 2014.
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.