Wells Fargo exit ban reignites foreign business fears in China

RISKS REMAIN FOR FOREIGN WORKERS A 2023 EU Chamber of Commerce survey found that 9% of respondents had difficulty attracting foreign talent to China due to concerns over personal safety, legal risks, and arbitrary enforcement. Four percent reported that …

Wells Fargo accused of charging undisclosed float fees to mortgage borrowers

Filed by borrower Lance Baird, the issue came to light in 2022 when Wells Fargo sent out vague notices to customers, admitting it had mistakenly charged float fees during the mortgage origination process. The bank apologized and enclosed cashier’s checks …

Wells Fargo suspends China travel

Wells Fargo suspended travel to China after one of its top trade financing bankers was blocked from leaving the country, the latest case of authorities imposing exit bans on staff of foreign firms. Chenyue Mao, an Atlanta-based managing director who was …

Wells Fargo installs new lights on Uptown building, shows special features

CHARLOTTE — Wells Fargo installed new signage on its building in Uptown on June 15. Now, the signage features new lighting, creating a display of moving colors and patterns on the skyline. Officials said both sides of the 550 South Tryon Street building …

Wells Fargo Suspends Travel to China After Communist Regime Blocks Top Banker from Leaving

Wells Fargo suspended travel for all of its employees to China on Thursday after the Chinese government slapped an exit ban on banker Chenyue Mao. Mao is an American citizen who was born in Shanghai. She is a managing director for Wells Fargo, working from …

Wells Fargo to sell former Crystal branch property

Wells Fargo installs new lights on Uptown building, shows special features

Wells Fargo sued for not disclosing fees during loan origination

A California borrower is accusing Wells Fargo of concealing for more than a decade that it improperly charged customers certain origination-related fees.  The issue surfaced in 2022 when the bank sent "cryptic notices" to borrowers stating it had …

Why can’t this Wells Fargo banker leave China? The Chenyue Mao case everyone’s talking about

A Wells Fargo managing director, Chenyue Mao, has become the unexpected face of a growing anxiety among global businesses: what happens when one of your own can't leave China? Why Was Mao Blocked from Leaving China?Mao, a US citizen born in Shanghai …

Wells Fargo economists see tariffs’ toll on U.S. consumers ‘hiding in plain sight’