Jeb Hensarling

Steven Mnuchin, Donald Trump's choice for Treasury, is already a polarizing figure

Steven Mnuchin, Donald Trump's choice for Treasury, is already a polarizing figure

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 polarizing appointment on Wednesday as financiers cheered the selection while watchdog groups warned that it could lead to rollbacks 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. He appeared alongside...

49°