There’s a way of looking at the 2016 presidential election and concluding that liberal reformers have dramatically overstated the danger corporate cash poses to the political system. The worry normally goes that the candidate who can amass the bigger war-chest will get an unfair advantage at the polls. But Bernie
BEND, OR — Oregon Senator Jeff Merkley (D-OR) was in Bend, Monday, touring a section of the Pilot Butte Canal slated for piping, next year. “That greatly reduces the losses of the water percolating down through the ground and also reduces losses from evaporation,” he said at the event. “The key
WASHINGTON — The fierce struggle to enact and carry out the Affordable Care Act was supposed to put an end to 75 years of fighting for a health care system to insure all Americans. Instead, the law’s troubles could make it just a way station on the road to another,
When is something important enough to a company’s business that it should tell investors? Wells Fargo & Co.’s sales scandal provides a real-life window on the often-knotty question of deciding when a piece of information is “material” and so must be disclosed to investors. In part, that is because the
Three Democratic senators asked the Securities and Exchange Commission to investigate whether Wells Fargo & Co. misled investors and violated whistleblower protections while allegedly engaging in illegal sales practices. Sens. Jeff Merkley (D., Ore.), Elizabeth Warren (D., Mass.) and Robert Menendez (D., N.J.) wrote a letter to SEC Chairman Mary
Pressure mounted on Wells Fargo & Co. Friday following its fake-accounts scandal, as the bank faced new calls to allow affected customers to file lawsuits and for the board of directors to rescind the pay of a key senior executive. The demands came just one day after Chief Executive John
When Wells Fargo CEO John Stumpf stepped into the hearing room on Tuesday, the usually politically discordant Senate Banking Committee was united in a chorus of outrage. In fact, the Senate chorus could have sung the lyrics of a hit song from the Broadway hit Music Man: “O-ho the Wells
Eight U.S. Democratic senators asked the Labor Department on Thursday to launch a probe into whether Wells Fargo (WFC.N) may have violated wage and working hour laws by failing to pay overtime to tellers and sales representatives who stayed late to meet sales quotas. The request comes after Wells Fargo
At the end of his thorough roasting in front of the Senate Banking Committee on Tuesday morning, Wells Fargo CEO John Stumpf found himself on the business end of some tough questions from Senator Jeff Merkley, Democrat of Oregon. Merkley cited the accounts given by a number of Wells Fargo employees—the kind of
Wells Fargo & Co. Chief Executive John Stumpf was attacked on Capitol Hill Tuesday by senators who contended that the bank’s leadership hadn’t taken enough responsibility for a scandal over its sales practices. Mr. Stumpf on Tuesday repeatedly apologized for the behavior that led to employees creating as many as
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