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$STI 2Q15 Call – William, CEO: Revenues up 4% compared to the prior quarter due to higher net interest income & broad-based growth in fee income. Net interest income grew 2% sequentially due to 3BP increase in the net interest margin & one additional day. Noninterest income increased 7% sequentially driven by increases in most fee income categories
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.