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$USB 2Q15 Call: Responding to a question regarding general thoughts on housing market and outlook for production, Kathy said that USB grew app volume by about 35% and expects a decline in refi balances in 3Q15 & app volumes to be down a little bit on a linked quarter basis. From a fee standpoint, fee income might be modestly lower than in 2Q15.
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.