Wells Fargo's admission is part of a cascade of lapses that increased scrutiny of the San Francisco bank with some Democrats in Congress calling for the ouster of its chief executive, Tim Sloan. Over the last two years, the bank paid more than $1 billion in fines after admitting it opened millions of bogus accounts customers didn't want and then found itself in more trouble after improperly repossessing thousands of cars.

Source: Los Angeles Times January 01, 2019 12:56 UTC