The Chinese Foreign Ministry confirmed Monday that Wells Fargo executive Mao Chenyue is being prohibited from leaving China pending a criminal investigation. Authorities say Mao is “involved in a criminal case” and is required to cooperate, though no formal charges have been announced.
Federal agencies reportedly gave banks automated tools to flag as possible domestic terrorists any Americans who buy Bibles or support the enforcement of protecting the border, testimony revealed before a House committee.
The tests, which took place over 12 weeks with some of the world's leading banks, including Citigroup Inc. and Wells Fargo & Co., sought to evaluate the potential of digital currencies to enhance both domestic and international payment systems.