Senate

Wells Fargo told to fix its risk-management practices

Wells Fargo & Co. must fix its governance and risk-management issues, the chairman of the U.S. Senate Banking Committee said, highlighting what he called a "laundry list" of consumer abuses and compliance breakdowns.

Senate passes bipartisan Postal Service Reform Act

The Senate voted Tuesday in favor of bipartisan legislation to overhaul the U.S. Postal Service's finances, ensuring a six-day-a-week delivery while providing the agency with more opportunities to expand business to avoid a government bailout.