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Wells Fargo CEO Stumpf Quits in Fallout From Fake Accounts

John Stumpf, who led Wells Fargo & Co. through the financial crisis and built it into the world's most valuable bank, stepped down as chief executive officer and chairman, bowing to public outcry over legions of accounts opened by his employees for customers who didn't request them.Stumpf, 63, is retiring from both posts effective immediately, the bank said Wednesday in a statement.
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