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$STT 2Q15 Q&A: Serrao from Credit Suisse asked about duration of portfolio. Mike replied yes, we did sell in particular some floating rate ABS securities in 2Q15 and as a result what left in the portfolio does in fact have a longer average duration. Overall duration of the asset-side of our balance sheet did not change materially QoverQ.
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.