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The Recap From news services and staff reports

Oct 16, 2016 - The Washington Post
Board and Executive Moves-Mergers and Acquisitions-Investments-Financial Results

Wells Fargo's chief executive and chairman, John G. Stumpf, is stepping down after the embattled megabank admitted that thousands of low-level employees had set up sham accounts to meet sales quotas and was fined $185 million. His job will be split: Tim Sloan, another Wells Fargo executive, will become chief executive, and board member Stephen Sanger will be chairman.

Samsung Electronics is ending production of its Galaxy Note 7 smartphones after early models exploded and replacement p...