Want to join the conversation?
$BBT posted 4Q15 adjusted efficiency ratio of 58.8%. The company is working through the $SUSQ and $NPBC conversions, where $NPBC conversion is expected to be done at about mid-July. As a result, the cost saves of $NPBC will still be second half loaded. Due to the $SUSQ conversion, $BBT achieved 144,000 loan accounts and 790,000 deposit accounts.
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.