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$PNC said in 1Q16, commercial lending was up 2% from 4Q15, primarily reflecting growth in commercial real estate along with increases in large corporate loans. Average consumer lending declined by 1% linked-quarter. Investment securities were up 4% linked-quarter and increased 23% compared to 1Q15. Total deposits fell by less than 1% from 4Q15.
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.