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$STL, through its principal subsidiary Sterling National Bank, said it has sold its residential mortgage origination operations to Freedom Mortgage. The sale continues its strategy of focusing on commercial middle market clients by reallocating its capital and human resource investments where it can provide most value to clients and shareholders.
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.