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Wells Fargo bank pauses business travel to China after a U.S. executive, Chenyue Mao, was barred from leaving due to her role in a criminal investigation.
The case is currently under investigation and the Wells Fargo employee is obliged to cooperate, China’s foreign ministry said Monday.
An Atlanta-based banker working for Wells Fargo has been prevented from leaving China, the latest incident that threatens to amplify concerns among Western executives about the potential ...
San Francisco-based Wells Fargo managed to increase earnings per share by 20% even though muted loan demand prompted the company to scale back its estimate for full-year net interest income.
The Wells Fargo Open for Business Growth program was created specifically to support small businesses on the brink of expansion. The challenge: Many of these businesses need more than a microloan ...
Wells Fargo has since suspended all travel to China, according to The Wall Street Journal, which first reported news of Mao being blocked from leaving the country.
A Wells Fargo banker and a U.S. government employee were blocked from leaving, and a Japanese pharmaceutical executive was imprisoned, even as Beijing tries to court overseas investors.