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$FHN said that during 1Q16 Regional Banking segment's net interest income was up 2% linked quarter and 12% YoverY, helped by benefit from Dec. rate hike and continued commercial loan growth. Fixed Income business' average daily revenues were $944,000, up 11% vs. 4Q15. This segment's NII and NIM was up nicely in 1Q16.
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.