Senate Democrats are pressing Fiserv Inc. for information on the role former chief executive Frank Bisignano played in the company’s plummeting fortunes before he took a role in President Donald Trump’s administration.
Firserv’s shares plunged late last month after the company slashed its full-year earnings outlook and delivered third-quarter results well short of analysts’ estimates. Bisignano, who is currently leading both the Social Security Administration and the Internal Revenue Service, dodged a roughly $300 million loss because he divested his stake in the company before October’s downturn.
Senators Ron Wyden and Elizabeth Warren, the top Democrats on ...
