A pedestrian walks past a Wells Fargo & Co. bank branch in Washington, D.C. Photographer: Andrew Harrer/Bloomberg

Wells Fargo & Co.'s practice of creating fake customer accounts, while not confined to the San Francisco-based lender, doesn't signal a wider issue for the financial industry, a U.S. regulator concluded after examining more than 40 large and mid-sized banks.

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Fraud & Enforcement