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HomeDaily NewsTuesday, July 22, 2025Legal and Security Issues
Business & Economy2 stories from 1 sources

Legal and Security Issues

China blocks Wells Fargo banker due to a criminal case; Harvard and Trump lawyers in court over funding.

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CCapital BusinessFirst

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Tuesday 10:36 AMCapital Business

China blocks Wells Fargo banker from leaving due to ‘criminal case’

China blocks Wells Fargo banker from leaving due to ‘criminal case’

A Wells Fargo banker, Chenyue Mao, has been blocked from leaving China due to a criminal investigation, as confirmed by the country's foreign ministry.

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Key Highlights

A Wells Fargo banker, Chenyue Mao, has been blocked from leaving China due to a criminal investigation, as confirmed by the country's foreign ministry.

  • Ms. Mao is currently subject to exit restrictions while being investigated by Chinese authorities.
  • Wells Fargo has suspended all employee travel to China in response to the situation.
  • The US Embassy in Shanghai emphasized the importance of US citizens' safety and raised concerns over such exit bans impacting bilateral relations.
Tuesday 8:54 AMCapital BusinessFirst

Harvard and Trump lawyers take funding fight to court

Harvard and Trump lawyers take funding fight to court

Lawyers for Harvard University faced off against the Trump administration in court over the administration's freeze of more than $2bn in federal grants, pushing for changes in the university's practices on antisemitism and diversity, equity and inclusion.

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Key Highlights

Lawyers for Harvard University faced off against the Trump administration in court over the administration's freeze of more than $2bn in federal grants, pushing for changes in the university's practices on antisemitism and diversity, equity and inclusion.

  • $2bn in federal grants at stake for Harvard
  • Harvard University and the Trump administration are the main parties involved
  • The hearing took place in front of US District Judge Allison Burroughs on September 3 deadline set by the administration
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