CHINA CONFIRMS WELLS FARGO EXECUTIVE IS UNDER CRIMINAL INVESTIGATION

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Chenyue Mao, a U.S. citizen and longtime employee of the bank, is not allowed to leave the country while she faces an unspecified criminal probe. China's foreign ministry confirmed the case this week, saying Mao must "cooperate with the investigation." But so far, they haven't said what she's being accused of. Mao lives in Atlanta and runs international factoring at Wells Fargo. She's also the chair of FCI, a global trade finance group. That makes her a key figure in international business, especially deals involving Chinese markets.








