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Pressure mounting on Wells Fargo CEO

John Stumpf makes second congressional appearance in under 10 days on Thursday

Mr Stumpf is expected to tell lawmakers that Wells Fargo will eliminate sales quotas for branch staff from Oct 1, accelerating a previous plan to halt the practice by Jan 1.

New York

WELLS Fargo & Co's chief executive John Stumpf returns to Capitol Hill on Thursday with his job still under threat and the bank facing rising political pressure over a sales scandal that has become a major issue in Washington and on Wall Street.

The bank's move earlier...

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