Want to join the conversation?
$WFC formed new Payments, Virtual Solutions and Innovation business group. The Operating Committee is led by John Stumpf, chairman and CEO. Avid Modjtabai, head of Payments, Virtual Solutions and Innovation, will lead Consumer Lending Group and cross-company Operations. Franklin Codel, head of Home Lending, will join Operating Committee.
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.