The banks included Bank of America , Morgan Stanley and Goldman Sachs . In the case of Wells Fargo, it was a scandal that led to its CEO resigning in disgrace after admitting he had created fake accounts for customers without their knowledge or permission. SEC to appeal rejected Citigroup settlement . Last month , Standard & Poor 's downgraded the credit ratings of 15 banks .
The banks included Bank of America , Morgan Stanley and Goldman Sachs . In the case of Wells Fargo, it was a scandal that led to its CEO resigning in disgrace after admitting he had created fake accounts for customers without their knowledge or permission. Last month , Standard & Poor 's downgraded the credit ratings of 15 banks .