06:31 AM EDT, 07/21/2025 (MT Newswires) -- Wells Fargo & Company's ( WFC ) senior executive Chenyue Mao has been detained by Chinese officials over a criminal case and barred from leaving China, Reuters reported Monday, quoting Guo Jiakun, a spokesperson for the Foreign Ministry.

Following Mao's exit ban, Wells Fargo ( WFC ) suspended all travel to China, Reuters said last week, citing a person familiar with the matter, and noted that Mao is a U.S. citizen.

The exact timing of the ban is unknown, and the spokesperson did not disclose details about the case, Reuters reported.

Mao, born in Shanghai and based in Atlanta, is a managing director at Wells Fargo ( WFC ) specializing in international factoring business, Reuters added.

Well Fargo didn't immediately reply to MT Newswires' request for comment

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)