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U.S. Treasury Secretary-nominee Steven Mnuchin says he's qualified for the job based on years of success in the world of private finance. Entering the public stage, where unforgiving global markets and partisan wrangling await him, the political newcomer will find out within his first few days whether he's ready.
Singapore plans to bar former Goldman Sachs Group Inc. banker Tim Leissner from its securities industry for 10 years and fined Standard Chartered Plc and Coutts & Co. over breaches related to a scandal-plagued Malaysian sovereign fund.
Mnuchin had long been considered a top contender for the Treasury post but his selection runs counter to the anti-establishment rhetoric of the Trump campaign US president-elect Donald Trump's naming of veteran Wall Street banker and hedge-fund manager Steve Mnuchin to be the next Treasury secretary quickly turned into a polarising appointment as financiers cheered the selection while watchdog groups warned that it could lead to roll-backs of crucial post-crisis regulations. Mnuchin, who was a Goldman Sachs partner before starting Dune Capital Management and later running Pasadena lender OneWest Bank, confirmed the appointment in an early morning appearance on CNBC.
President-elect Donald Trump is thinking about naming Gary Cohn, the president and COO of Goldman Sachs, to a role in his administration, Politico's Ben White and Jake Sherman reported Wednesday. The role could be director of the Office of Management and Budget, according to the report.
Trump's transition team on Wednesday reportedly appointed two moguls - including another New York City billionaire - to the businessman-turned-President's White House team. The team chose Steven Mnuchin, a 53-year-old banker and film producer, to serve as Treasury secretary, according to the Associated Press.
Steven Mnuchin, President-elect Donald Trump's expected choice to be the nation's 77th treasury secretary, has had a long history as a successful financial executive and a shorter but significant period in a job that ushered him into Trump's inner circle: head of Trump's campaign finance operation. When Mnuchin, 53, was chosen by Trump as his national finance director in May, he told The Associated Press that the two men had been friends for 15 years.
Steven Mnuchin, President-elect Donald Trump's expected choice to be the nation's 77th treasury secretary, has had a long history as a successful financial executive and a shorter but significant period in a job that ushered him into Trump's inner circle: head of Trump's campaign finance operation. When Mnuchin, 53, was chosen by Trump as his national finance director in May, he told The Associated Press that the two men had been friends for 15 years.
The New York Times reports that Donald Trump will name Steven Mnuchin, his campaign's national finance director, as Treasury secretary. Mr. Mnuchin, the son of a Goldman Sachs partner, joined the firm after graduating from Yale University.
Former Goldman Sachs Group Inc. partner Steven Mnuchin has been recommended by Donald Trump's transition team to serve as Treasury secretary, according to two people familiar with the process, and the choice is awaiting the president-elect's final decision. Mnuchin, the campaign's national finance chairman, has been considered the leading candidate for the job.
Billionaire Warren Buffett was disappointed when Democrat Hillary Clinton lost the election last week, but he will support Republican Donald Trump as president. Buffett says he supports every president, and he hopes the country will coalesce behind Trump even if not everyone agrees with his policies.
Donald Trump's closing advertising message is a much more polished version of the populism he's been peddling all campaign: GOP candidates who want to win Michigan, OH, PA & the White House in the future should borrow heavily from this ad. https://t.co/X2yka7RlVS From a technical and thematic perspective it's a well made ad.
The Financial Times had endorsed Hillary Clinton for president, proclaiming that the Democratic nominee "is manifestly more competent than Trump with his braggadocio, divisiveness and meanness." "Despite her faults, Mrs. Clinton is eminently qualified to be the first woman elected to the White House," the newspaper stated.
The Telegraph newspaper had said on Saturday that interested buyers were thought to be a mix of European and U.S. private equity firms, as well as investment manager Neuberger Berman, and that French Connection had approached investment bank Moelis & Co Zara and has failed to report a pretax profit since the year ended Jan. 31, 2012 with critics saying it should ditch its 25-year-old FCUK logo. Private equity firms could be a natural fit for French Connection as they could push through operational changes to extract profit, and revive the company's brand appeal, said Neil Saunders from retail consultant Conlumino.
Lloyd Blankfein, chief executive officer of Goldman Sachs Group Inc., has shied away from publicly backing a presidential candidate this year, saying his support could harm that person's chances. Yet in an interview that will air Sunday on CNN's "Fareed Zakaria GPS," Blankfein, asked if he personally supports and admires Democrat Hillary Clinton, said that he did.
Goldman Sachs CEO Lloyd Blankfein said he is not part of a secret group attacking America as Donald Trump claimed. He was asked by CNBC's David Faber on Wednesday what he thought of the Republican presidential candidates comments during a rally last week that " Hillary Clinton meets in secret with international banks to plot the destruction of US sovereignty in order to enrich these global financial powers, her special interest friends and her donors."
Facing scrutiny over possibly not paying federal income tax for almost two decades, Donald Trump turned the tables on Hillary Clinton during the heated second presidential debate. The New York Times obtained a few pages of Trump's 1995 personal tax returns , revealing a $916 million loss that would have allowed him to legally avoid paying taxes for 18 years.
It's been a tumultuous two weeks for the pound, and all indications are that traders will have to get used to the volatility. The U.K. currency is getting harder to trade, and to predict, because the nation's exit from the European Union has changed the rules of engagement.
"In the course of doing the research for this book over the last eight years, I just started keeping track of where people went to school," Soltes told Corporate Crime Reporter in an interview last week. "It was out of my own personal curiosity.
WASHINGTON – Behind closed doors, Hillary Clinton adopted a rather more accommodating tone with Wall Street than she has on the campaign trail. In private paid speeches to financial firms and interest groups before she declared her candidacy, the Democratic presidential nominee comes off as a knowing insider, willing to cut backroom deals, embrace open trade and grant Wall Street a central role in crafting financial regulations, according to excerpts obtained last week through hacked campaign emails provided to WikiLeaks.
In a debate Sunday, Trump acknowledged using a nine-figure loss in 1995 to reduce tax obligations and sought to liken the move to strategies used by some of Democratic presidential nominee Hillary Clinton's wealthy supporters, including Buffett. On Monday, the billionaire Berkshire Hathaway chairman released information from his personal taxes and challenged the Republican presidential candidate to do the same.