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$HBAN said that 1Q16 non-interest income grew 7% to $491MM from the year-ago quarter. This included $6MM of merger and acquisition-related expenses from the pending FirstMerit acquisition, which was announced earlier this year. $HBAN said that it is continuing the integration process and the transaction is expected to close in 3Q16.
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.