The Wells Fargo brand transitioned from top-notch to tarnished over the past decade after one of the United States’ leading banks became a case study in customer abuse. Under new leadership, the bank is diligently striving to meet the requirements placed on it by regulators and is experiencing renewed customer and shareholder trust; its fortunes may be reversing after a damaging period of highly publicised scandals and resulting disciplinary measures.
The on-again, off-again trade relationship between the world’s two economic powerhouses isn’t a marriage made in heaven. Incoming US President Joe Biden recognizes the urgency of reaching consensus with his country’s most powerful commercial rival, despite his list of thorny issues to address with China. How successfully Biden handles this hot potato is yet to be seen, but US-China relations are too important to be put on the back burner.