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$BBT said its noninterest income rose 10.9% to $1.1Bil in 2Q16. Fee income ratio improved to 42.8%. Insurance income grew in the quarter, driven by the acquisition of Swett & Crawford, a seasonal increase in property and casualty commissions and an increase in other insurance revenues.
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.