Meetings initiated from Chat or with named attendees only: the meeting recording shows on the Chat Posts tab within the Chat while the recording file is saved in the OneDrive folder of the person who initiated the Chat recording.
Recordings initiated from a Teams Channel are stored in the Files tab (in the Recordings folder) for that Channel.
Further detailed information is available on the Microsoft web page and also a more technical page for Teams meetings which includes a table of where the recording is stored in different scenarios.
This is a change as of October 2020
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