Wells Fargo

Wells Fargo, TD Bank share Trump's financial records with Congress

President Donald Trump
Photo: Chip Somodevilla/Getty Images

Wells Fargo and TD Bank have handed over thousands of pages of President Trump's financial records to the House Financial Services Committee following a court ruling permitting them to do so on Wednesday, reports NBC News.

Why it matters: The banks are sharing Trump's financial information following a drawn out and ongoing battle between Congress and the administration. The ruling comes at a time when more Democrats are calling for impeachment investigations into the president. A judge ruled earlier on Wednesday that the public's interest in "maximizing the effectiveness of the investigatory powers of Congress" is more important than any damage that could result for Trump or his businesses.

Go deeper: Judge rejects Trump effort to block Deutsche Bank subpoena

Elizabeth Warren: CEOs should "face jail time for overseeing massive scams"

In this image, Elizabeth Warren speaks into a microphone at a committee hearing.
Photo: Chip Somodevilla/Getty Images

In a Washington Post op-ed on Wednesday, 2020 presidential candidate Sen. Elizabeth Warren (D-Mass.) proposed a law that "expands criminal liability to any corporate executive who negligently oversees a giant company causing severe harm to U.S. families," citing her previous campaigns against former Wells Fargo CEO John Stumpf and his predecessor Tim Sloan.

The big picture: Warren's trustbusting campaign is following a playbook she laid out in 2016. After placing targets on Big Agriculture and Big Tech, the 2020 candidate is going after banking — with health care, telecom and big retail potentially on the list.