https://www.scmp.com/rss/522444/feed The latest news and top stories on Wells Fargo. A leading entity in the financial services sector, San Francisco California based Wells Fargo specialises in banking investment and mortgage products. They primarily serve individuals businesses and institutions globally. Recognised as one of the "Big Four Banks" in the US and a top five bank by assets, their overall business focus is on customer centricity sustainable growth and operational efficiency. The company has a significant global... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Bloomberg Bloomberg The dollar is regaining its crown as one of the world’s most appealing assets, defying talk of a “Sell America” trade that had raised troubling questions about the outlook for the global reserve currency. A simple strategy of borrowing in low-yielding currencies like the Japanese yen or the Swiss franc and putting your money in dollars looks set to beat the implied returns on markets such as European stocks and Chinese government bonds once the volatility of these assets is taken into account,... https://www.scmp.com/business/banking-finance/article/3332267/us-dollar-carry-trade-defies-sell-america-woes-trounces-worlds-stock-market-booms?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3332267/us-dollar-carry-trade-defies-sell-america-woes-trounces-worlds-stock-market-booms?utm_source=rss_feed Tue, 11 Nov 2025 02:27:33 +0000 Bloomberg Bloomberg The emerging-market equity benchmark gained for a 10th consecutive month in October, as an artificial intelligence (AI) boom and a weaker dollar drove capital inflows. The MSCI Emerging Markets Index has rallied every month from January to October - a feat last seen in 1993 — and is up around 30 per cent this year. On Friday, it fell 0.7 per cent but closed the month with a 4 per cent gain. Multiple catalysts have driven that surge, including strong gains in many AI-focused Asian tech stocks and... https://www.scmp.com/business/banking-finance/article/3331211/emerging-market-stocks-have-risen-every-month-year-first-non-break-streak-1993?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3331211/emerging-market-stocks-have-risen-every-month-year-first-non-break-streak-1993?utm_source=rss_feed Sun, 02 Nov 2025 06:17:46 +0000 Associated Press Associated Press Wall Street had one of its most profitable quarters ever, based on the earnings of four of the biggest US banks, as the companies were helped by a flurry of deal-making, soaring stock prices and a global economy that remains resilient amid tariffs and geopolitical upheaval. Despite the strong earnings reported on Tuesday by JPMorgan Chase, Citigroup, Wells Fargo and Goldman Sachs, bank executives expressed various degrees of caution about the markets and the economy, including worries that asset... https://www.scmp.com/business/banking-finance/article/3329096/wall-street-sees-major-jump-profits-helped-soaring-stock-prices-and-deal-making?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3329096/wall-street-sees-major-jump-profits-helped-soaring-stock-prices-and-deal-making?utm_source=rss_feed Wed, 15 Oct 2025 07:52:46 +0000 Jane Cai,Sylvie Zhuang,Nora Mankel Jane Cai,Sylvie Zhuang,Nora Mankel This year marks half a century of formal diplomatic relations between China and the European Union as well as the 25th anniversary of the founding of the European Union Chamber of Commerce in China. A part of a series of reports examining ties between the two powers, Jane Cai, Sylvie Zhuang and Nora Mankel look at a shift under way in the attitudes of younger Europeans towards China and the opportunities it offers. More than two years after stringent Covid-19 restrictions prompted an exodus of... https://www.scmp.com/news/china/diplomacy/article/3324879/enduring-opportunity-why-younger-europeans-can-see-their-futures-china?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3324879/enduring-opportunity-why-younger-europeans-can-see-their-futures-china?utm_source=rss_feed Mon, 15 Sep 2025 14:00:09 +0000 Bloomberg Bloomberg Bullish sentiment towards stocks is rampant in the US, as one Wall Street strategist after another raises their target for an S&P 500 Index that is repeatedly setting records. Yet as optimism about further gains has solidified into something resembling a consensus, even the most bullish are clear-eyed about a growing list of issues that could potentially stop the party. With valuations at among the richest levels of this century, the most commonly cited risks for a hard market landing include... https://www.scmp.com/business/banking-finance/article/3325465/stock-bulls-everywhere-beware-us-market-rally-narrative-loaded-risks?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325465/stock-bulls-everywhere-beware-us-market-rally-narrative-loaded-risks?utm_source=rss_feed Sun, 14 Sep 2025 04:31:17 +0000 Ralph Jennings Ralph Jennings China’s recent exit bans on two American businesspeople do not raise the travel risk for US-based executives, as neither case appears “geopolitical or retaliatory”, an American trade advocacy group has said. “The risk of exit bans, detentions, or other complications has not changed for most travellers,” according to the US-China Business Council, though it acknowledged that the high-profile cases had led companies to reassess their travel procedures to limit risks. In July, Beijing said it had... https://www.scmp.com/economy/china-economy/article/3323081/china-travel-risk-american-citizens-unchanged-despite-exit-bans-us-trade-group?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3323081/china-travel-risk-american-citizens-unchanged-despite-exit-bans-us-trade-group?utm_source=rss_feed Mon, 25 Aug 2025 13:00:10 +0000 Cao Li Cao Li Discussions on geopolitical risks have become an increasingly central part of business and investment decision-making, according to Lazard. Five or 10 years ago, people would be talking about geopolitics casually, according to Ronald Temple, chief market strategist at the US financial advisory and asset management firm. “But now geopolitics are part of board meetings,” he said. Temple said that geopolitical risks – from the Trump administration’s policy shifts to US-China regulatory hurdles and... https://www.scmp.com/business/banking-finance/article/3321809/geopolitical-risks-reshape-business-strategies-global-tensions-rise-lazard-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3321809/geopolitical-risks-reshape-business-strategies-global-tensions-rise-lazard-says?utm_source=rss_feed Thu, 14 Aug 2025 23:30:08 +0000 SCMP SCMP Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China says Wells Fargo exec banned from leaving country due to ‘criminal case’ China has confirmed that it barred a senior Wells Fargo executive from leaving the country, saying it banned her exit because of a “criminal case” investigation. 2. Sean Stein on why US businesses are walking a tightrope to stay in China The US-China Business Council president... https://www.scmp.com/news/china/article/3319020/china-confirms-exit-ban-us-exec-high-speed-rail-get-upgrade-scmp-daily-highlights?utm_source=rss_feed https://www.scmp.com/news/china/article/3319020/china-confirms-exit-ban-us-exec-high-speed-rail-get-upgrade-scmp-daily-highlights?utm_source=rss_feed Mon, 21 Jul 2025 13:15:08 +0000 Orange Wang Orange Wang China has confirmed that it barred a senior Wells Fargo executive from leaving the country, saying it banned her exit because of a “criminal case” investigation. Last week, reports surfaced that Chenyue Mao, an Atlanta-based managing director at the American banking giant and a United States citizen, had been stopped from leaving China. In response, Wells Fargo has suspended all business travel to China. “Ms Mao Chenyue is involved in a criminal case currently being handled by Chinese law... https://www.scmp.com/news/china/diplomacy/article/3319003/china-says-us-wells-fargo-executive-banned-leaving-country-due-criminal-case?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3319003/china-says-us-wells-fargo-executive-banned-leaving-country-due-criminal-case?utm_source=rss_feed Mon, 21 Jul 2025 08:51:14 +0000