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WASHINGTON/NEW YORK (Reuters) - Wells Fargo & Co Chief Executive Officer John Stumpf returned to Capitol Hill on Thursday offering a package of actions to fix widespread sales abuses that have exploded into a scandal in Washington and on Wall Street. Stumpf, who again faced tough questioning, told House of Representatives lawmakers that Wells Fargo will eliminate sales quotas for branch staff beginning Oct. 1, accelerating the plan from Jan. 1. Earlier this week, the bank took back $41 million in stock awarded to Stumpf, an unprecedented rebuke to a major U.S. bank CEO, but the move is unlikely to silence calls for his resignation.
Three people were killed and more than 100 injured, some critically, when a commuter train derailed and plowed through Hoboken station in New Jersey during the morning rush hour on Thursday, U.S. media and a transit official said. Well over 100 people were hurt, many of them critically, Jennifer Nelson, a spokeswoman for train operator New Jersey Transit, told reporters at the scene. ABC News said on its website that New Jersey Transit was reporting many passengers were trapped.