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$STT 2Q15 PR: Provision for loan losses of $2MM decreased from $4MM in 1Q15 and was flat with $2MM in 2Q14. Expenses of $2.13Bil increased from $2.10Bil in 1Q15 and from $1.85Bil in 2Q14. Return on average common shareholders' equity (ROE) of 8.3% increased from 7.9% in 1Q15 and decreased from 11.9% in 2Q14.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?
After so much controversy and family issues in $VIAB over the recent months, Paramount brings in some good news. News is that they signed a $1 billion deal with Shanghai Film Group and Huahua Media. The material impact to Viacom however is still uncertain.
Looks like Uber will be paying $20 million to settle a US Federal Trade Commission lawsuit. FTC accused Uber of false and misleading claims about driver pay and stuff. Uber however neither denied nor admitted and will just be paying the $20 million.
$C gets hit with a $25 million fine for spoofing charges. Interesting! This is the first time a bank has been hit with such charges.