Microsoft Aims to Expand Game Pass Access Across All Platforms

During the 2023 Wells Fargo TMT Summit, Xbox chief financial officer Tim Stuart publicly stated that the company’s ultimate goal is to transform Xbox Game Pass into the leading game streaming service on all platforms, not just limited to Microsoft’s console. According to Stuart, the company intends to make Game Pass accessible “every screen that …

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Wells Fargo penalized with $35M fine over exorbitant advisory fees

Wells Fargo has agreed to pay a substantial $35 million civil penalty as part of a settlement with the Securities and Exchange Commission (SEC). The charges were brought against Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network LLC for overcharging over 10,900 investment advisory accounts more than $26.8 million in fees. The …

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Big banks face charges by SEC for conducting business via messaging apps without maintaining records

1/2 The Securities and Exchange Commission has taken action against almost a dozen major banks for their violation of record-keeping laws. These banks engaged in business transactions through messaging apps such as WhatsApp, which is outside the scope of official communication channels. The SEC charges were filed due to these banks’ failure to keep records …

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Wells Fargo Customers Raise Concerns over Missing Deposits

Some customers of Wells Fargo have been experiencing difficulties accessing their deposited funds, leading to frustration and financial problems. The bank has acknowledged the issue, which has resulted in customers being charged overdraft fees and small-business owners struggling to meet payroll. One woman in Dallas had to borrow money from a friend to cover …

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Bank customers report missing deposits to Wells Fargo

There has been a recent uproar among Wells Fargo customers regarding missing direct deposits from their bank accounts. Many customers took to social media, particularly X (formerly Twitter), to express their frustration and threaten to switch banks. One customer tweeted, “I’m taking my checking, my savings, and my IRA from Wells Fargo Advisors. Safer burying …

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JPMorgan surpasses expectations, earns $14B profit

“Hurricane Jamie” Surpasses Expectations with $14 Billion in Profits JPMorgan made a surprising announcement on Friday, revealing that the banking giant had generated a staggering $14 billion in profit for the second quarter. This impressive performance defied CEO Jamie Dimon’s previously pessimistic economic predictions. In fact, the bank’s profits saw a substantial 67% increase from …

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