We don't have a banking free market, and consequently they can keep repeating their failures instead of going out of business as they would in a free market.

Even though we don't have a banking free market, Wells Fargo paid a price for their account fraud scandal. They've paid $185 million in fines so far, and the company faces additional civil and criminal suits. CEO John Stumpf resigned. According to Wikipedia "In April of 2017, the bank utilized a clawback provision in Stumpf's contract to take back $28 million of his earnings.[35]" and "The bank experienced decreased profitability in the first quarter after the news of the scandal broke.[37] Payments to both lawyers and outside firms resulted in increased expenses.[38] After earnings were reported in January 2017, the bank announced it would close over 400 of its approximately 6000 branches by the end of 2018.[39]"