ORGANIZATION

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.

Nike won't renew franchise agreements in Russia: report

Nike has reportedly not renewed franchise agreements in Russia. The athletic clothing brand announced it would temporarily suspend operations at all its Nike-owned and -operated stores there due to Russia's invasion of Ukraine.