Latest news with #YizhuWang
Bloomberg
02-07-2025
- Business
- Bloomberg
Payments Firm Wise Seeks US National Trust Bank Charter to Access Fed Payments
By , Yizhu Wang, and Emily Mason Save Wise Plc wants to create a national trust bank in the US, in the latest sign of its growing focus on America as it works on moving its main share listing to the country. The London-headquartered payments firm filed its application to be directly regulated by the US's Office of the Comptroller of the Currency on June 16, documents show. Its US hub will be in Austin, Texas, where the firm already has some 450 staff.
Bloomberg
26-02-2025
- Business
- Bloomberg
Wells Fargo Scraps Diversity Policy for Senior-Level Recruitment
By , Yizhu Wang, and Paige Smith Save Wells Fargo & Co. is the latest bank to join Wall Street's retreat from diversity, equity and inclusion efforts as DEI comes under fire from President Donald Trump's administration. The San Francisco-based bank is discontinuing a recruitment policy that requires diverse slates of candidates in the first round of interviews for senior-level roles in the US, according to a memo to staff seen by Bloomberg News. Training on diverse slates also will be removed from the recruitment process, according to the memo, distributed to senior leaders this week.
