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Vermont Sen. Bernie Sanders accused President Donald Trump of falling short of commitments to middle-class voters, pointing to his Cabinet and senior advisers' ties to Wall Street. "This guy ran for president of the United States saying, 'I, Donald Trump, I'm going to take on Wall Street - these guys are getting away with murder.'
President Trump on Friday took the first step toward unwinding Wall Street reforms put in place during the depths of the financial crisis, sparking outrage from consumer groups across the country. After a meeting with business executives, including the head of JP Morgan Chase & Co.
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Since taking office 10 days ago, President Donald Trump has moved to consolidate power within a small cadre of close aides at the White House. He's added a senior political adviser to the National Security Council and appears to have cut out Cabinet secretaries from decision making on some of his top policies, including the immigration and refugee order that led to protests, legal challenges and temporary detention of some legal U.S. residents this weekend.
Donald Trump once described Jamie Dimon as "the worst banker in the United States," but the president-elect has helped make the boss of JPMorgan Chase & Co $50 million richer. Dimon is the top beneficiary among the 30 chief executives who run companies in the Dow Jones Industrial Average index from a stock rally inspired by Trump's election, according to a Reuters analysis of their option grants.
South Korea's finance chief will assure overseas investors about the country's solid economic fundamentals when he visits the United States this week ahead of the inauguration of President-elect Donald Trump in mid-January, the finance ministry said Sunday. Finance Minister Yoo Il-ho will hold a road show for some 120 overseas investors in New York on Wednesday to explain South Korea's solid fundamentals represented by current account surpluses, stable foreign exchange reserves and further room for monetary easing policies, according to the Ministry of Strategy and Finance.
Goldman Sachs Group Inc. banker Jim Donovan is the front-runner to be President-elect Donald Trump's pick for undersecretary of domestic finance, according to a person familiar with the decision. He'd be the fourth appointee with close ties to the investment bank tapped to serve in the administration.
To continue reading up to 10 premium articles, you must register , or sign up and take advantage of this exclusive offer: WASHINGTON - President-elect Donald Trump on Wednesday chose a Wall Street attorney with experience in corporate mergers and public stock launches as his nominee to head the Securities and Exchange Commission. Trump announced his nomination of Jay Clayton, a partner in the law firm Sullivan and Cromwell, as chairman of the independent agency that oversees Wall Street and the financial markets.
Rex Tillerson will get a $180 million retirement package from Exxon Mobil Corp. if he is confirmed as President-elect Donald Trump's secretary of state. Tillerson will give up more than 2 million Exxon shares he would have received over the next 10 years.
Senator Elizabeth Warren is railing against President-elect Donald Trump's pick to head up the Securities and Exchange Commission. Trump earlier on Wednesday said he wanted Wall Street lawyer Jay Clayton to be the SEC's chairman, calling him "a highly talented expert on many aspects of financial and regulatory law."
Donald Trump ridiculed Wall Street on the campaign trail, and frequently criticized his political opponents for their ties to Goldman Sachs. Now, Trump is relying on a lawyer who has spent his career representing financial firms, and has his own close ties to Goldman, to lead Wall Street's top regulator.
For your semi-faithful correspondent, 2016 has been a 12-month exercise in humility. I apologize to you, gentle reader, for the errors - all unforced - to which I subjected you.
Steven Mnuchin, President-elect Donald Trump's pick to lead the Treasury, arrives at Trump Tower in New York on Dec. 12. President-elect Donald Trump's pick to lead the Treasury Department is likely to face a contentious confirmation battle centered on his purchase of a failed subprime mortgage lender that repeatedly has been accused of wrongful foreclosures. The formal vetting process for Steven T. Mnuchin, who served as Trump's campaign finance chairman and worked at investment bank Goldman Sachs for nearly two decades, has not yet begun.
From installing Wall Street executives in his Cabinet to avoiding news conferences, the president-elect is adopting some of the same behavior for which he criticized Clinton during their campaign. "I know the guys at Goldman Sachs," Trump said at a South Carolina rally in February, when he was locked in a fierce primary battle with Texas Sen. Ted Cruz.
In this Dec. 13, 2016, file photo, President-elect Donald Trump speaks during a rally at the Wisconsin State Fair Exposition Center in West Allis, Wis. Trump is embracing some of his top attacks on Hillary Clinton as he forms his new administration, engaging in some of the same behavior he used against his rival during the presidential campaign.
From installing Wall Street executives in his Cabinet to avoiding news conferences, the president-elect is adopting some of the same behavior for which he criticized Clinton during their fiery presidential campaign. Then : "I know the guys at Goldman Sachs," Trump said at a South Carolina rally in February, when he was locked in a fierce primary battle with Texas Sen. Ted Cruz.
Donald Trump and the business kingpins populating his inner circle want to slice the tax bill of America's top 0.1 percent. In a typical corporate board of directors meeting, what do CEOs see when they look out across their richly lacquered boardroom tables? Lots of other CEOs.
One night in early December, a Goldman Sachs partner walked out of the Pierre hotel in Manhattan with a big grin on his face. He'd spent the evening at the bank's annual alumni dinner, and there was a lot to celebrate.
So there I said it, and some readers probably just gagged. Big banks have been in the cross-hairs of politicians, regulators and regular folks since the subprime thingie blew up years ago.