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Wells Fargo -- The bank will eliminate product sales goals for retail bankers and strengthen oversight, controls, and training. Wells Fargo will be the subject of a Senate Banking Committee hearing into its sales practices, after the bank settled a case with regulators by paying a 185 million penalty. The panel wants to question CEO John Stumpf about the practices that led to the case. UnitedHealth Group -- The health insurer's Optum unit and Quest Diagnostics formed a partnership aimed at reducing billing complexity, as well as providing more transparency into health care costs. Separately, UnitedHealth was rated as a "top pick" at Jefferies because of attractive valuation and a best-in-class management team.
Sep-13-2016, 13:40:22 GMT
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