At the same time, Wells Fargo's internal challenges have also motivated moves out of that firm. Wells Fargo has suffered from intense regulatory scrutiny related to scandals on its consumer banking side, including the opening of millions of accounts without customer approval. That scandal cost John Stumpf his position as CEO. It also cost the bank $185 million in regulatory fines in 2016 alone. By hurting the broader Wells Fargo brand, those scandals on the consumer banking side have also negatively impacted the advisory side of its business.