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Betsy Graseck asks about loan growth. $AXP said it has been growing loans steadily at above industry rates while maintaining best-in-class credit metrics and without seeing any significant increase in credit metrics or changes in overall risk portfolio. $AXP has a range of consumer products targeted at attracting more customers.
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.