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.

In the months-long review, the Office of the Comptroller of the Currency found incidents of fake accounts at other banks, spokesman Bryan Hubbard said in an emailed statement. Still, the regulator “did not identify systemic issues with bank employees opening accounts without the customer’s consent.”

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