(Reuters) - The city of Los Angeles has sued Wells Fargo & Co, accusing the bank of driving its employees to open unauthorized customer accounts, charging them "bogus" fees and damaging their credit, the Los Angeles Times reported. The lawsuit alleges that employees misused customers' confidential information and often failed to close unauthorized accounts even when customers complained, according to the paper. "The result is that Wells Fargo has generated a virtual fee-generating machine, through which its customers are harmed, its employees take the blame, and Wells Fargo reaps the profit," the report quoted the lawsuit, filed in a Los Angeles court by City Attorney Mike Feuer. Wells Fargo has blamed the problems on a few "rogue" employees, who the bank says it has "appropriately disciplined" or fired.
An argument with his ex-fiancee likely motivated a university student to randomly shoot four people, three fatally, on a bridge along a busy hiking and biking trail in a small eastern Wisconsin city, police said Monday. The gunman also shot and killed himself.