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Diversified financial services firm $PNC announced that Joseph Guyaux, will retire as Senior Vice Chairman and President and CEO of PNC Mortgage, effective in the spring of 2016. PNC Treasurer and CIO William Parsley III will succeed Guyaux as head of PNC Mortgage. Parsley will remain treasurer and CIO.
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.