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Financial holding firm $NTRS said that during 2Q16, it recorded a $46.5MM charge in connection with an agreement subject to court approval to certain long-standing securities lending litigation. The company recognized $21.6MM in losses related to its loan and lease portfolio. $NTRS also recorded $17.5MM in severance and personnel-related charges.
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.