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$PNC's home equity loan portfolio totaled $33Bil as of Sept. 30, 2015, or 16% of total loan portfolio. Of that total, 59% was outstanding under primarily variable-rate home equity lines of credit and 41% consisted of closed-end home equity installment loans. Approx. 5% of the portfolio was purchased credit impaired and 3% on nonperforming status.
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.