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$BBT transferred $517MM of HTM (held-to-maturity) securities to AFS (available-for-sale) during 3Q15. These securities, which were sold by the end of 3Q15, represented investments in student loans. These student loans saw a significant increase in risk weighting as a result of the implementation of Basel III.
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.