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$AIG said the company is projecting a 2-4 BP quarterly decline in net spreads. For the annuity businesses, the company expects the primary impact to be a decline in volumes as the company frequently re-evaluates its products to ensure it meets its return targets. $AIG also said the company anticipates a 25-35 BP reduction in 2017 normalized ROE.
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.