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Umpqua Bank, a subsidiary of $UMPQ, is expanding its commercial banking offerings with the addition of a new corporate banking division. This new division will provide a full range of corporate banking products for the growing companies. Umpqua named Richard Cabrera as EVP, Corporate Banking to lead this new division.
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.