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In digital banking, with more than 21.3MM active users, $BAC's deposits from mobile devices now represent 18% of deposit transactions. Digital sales for the company now represent 18% of total sales and $BAC has more than 3,500 digital representatives in its financial centers, driving further adoption.
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.