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$STT 2Q15 Q&A: Serrao from Credit Suisse wanted an update on efforts to bolster European ETF business. Jay replied we have been focusing on European ETF business in two dimensions: 1) Is adding distribution wholesalers that largely sell into the private banks. 2) Is in the product development side, so far introduced 45 new products this year.
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.