China Confirms Exit Ban on Wells Fargo Banker
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Wells Fargo has suspended all travel to China after a banker was blocked from leaving the country, a source said, bringing the U.S. bank's operations in the world's second-largest economy into focus.
Wells Fargo halts travel to China after a Shanghai-born banker, Chenyue Mao, was prohibited from leaving. The bank's limited presence includes branches in Shanghai and Beijing. Mao leads the international factoring business,