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 an office in Atlanta. According to the bank, her duties include helping international companies manage their working capital in different countries.
Mao specializes in “ factoring ,” the practice of selling accounts receivable to third parties. The seller gets cash immediately, while the buyer or “factor” proceeds to collect on the invoices they purchased at a discount. Companies that do…
Read the full article at BREITBART.COM
