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On an operating basis, $STT's servicing fees during 4Q15 decreased 2% primarily due to the impact of the stronger U.S. dollar and lower international equity markets, partially offset by net new business. The decrease in international equity markets particularly in emerging markets continues to negatively impact servicing fees.
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.