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$C's revenue from Citicorp for 4Q15 declined by 3% to $15.54Bil from the previous year quarter, as a 9% decrease in Global Consumer Banking revenues was partially offset by a 4% increase in Institutional Clients Group revenues. Citi Holdings revenue jumped 61% to $2.91Bil, mainly driven by a higher level of net gains on asset sales.
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.