Copyright 2016 NPR. To see more, visit CORNISH, HOST: Wells Fargo has been under pressure for weeks now ever since federal regulators ordered the bank to pay a $185 million fine. Wells Fargo admitted to opening up some 2 million accounts in customers names without their knowledge, and it fired low-level employees as a result. But at a Senate hearing on Capitol Hill, Massachusetts Senator Elizabeth Warren told the bank's CEO that was not enough. (SOUNDBITE OF ARCHIVED RECORDING) ELIZABETH WARREN: And when it all blew up, you kept your job. You kept your multimillion dollar bonuses, and you went on television to blame thousands of $12-an-hour employees who were just trying to meet cross-sell quotas that made you rich. CORNISH: Warren told the CEO, John Stumpf, he should resign. Well, now he's informed the bank's board he's retiring effective immediately. Joining us to discuss this latest turn is NPR's Chris Arnold. And, Chris, to start, why now? CHRIS ARNOLD, BYLINE: Well, the official
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