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$USB said noninterest income fell 0.2% YoverY, due to lower mortgage banking revenue. Credit and debit card revenue grew by 10.4%, reflecting higher transaction volume, including the acquired portfolio. On the other hand, noninterest expense was $84MM or 3.2% higher compared to last year.
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.