Wells Fargo pulls back from U.S. Midwest, selling 52 branches to Flagstar

Wells Fargo pulls back from U.S. Midwest, selling 52 branches to Flagstar

(Reuters) – Wells Fargo & Co (WFC.N) is pulling back from retail banking in the U.S. Midwest, selling all of its branches in three states, as the bank embarks on a broader review of branch profitability across the country. FILE PHOTO: A Wells Fargo bank sign is pictured in downtown Los Angeles, California, U.S. August […]

U.S. bans American companies from selling to Chinese phone maker ZTE

U.S. bans American companies from selling to Chinese phone maker ZTE

LONDON/NEW YORK (Reuters) – The U.S. Department of Commerce has banned American companies from selling components to leading Chinese telecom equipment maker ZTE Corp for seven years for violating an agreement in a sanctions violation case, U.S. officials said on Monday. The U.S. action, first reported by Reuters reut.rs/2H3p0Vl, could be devastating to ZTE since American […]