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$FFBC said it is reorganizing to deepen focus on four main business lines. Brad Ringwald has been named President of Community Banking. Paul Silva has been named President of Investment Commercial Real Estate. Rick Dennen has been named President of Commercial Finance. Roddell McCullough has been named Director of Community Development.
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.