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Trump Treasury pick vows to curtail Wall Street regulations

Steven Mnuchin. Foto: Carolyn Kaster/AP

NEW YORK -- As Treasury Secretary, Steven Mnuchin would have significant influence over the way the financial system, particularly Wall Street, operates. And the former Goldman Sachs banker indicated Wednesday that he would at least partially be relying on his time as a regional banker to guide his decisions.

"We've been in the business of regional banking and we understand what it is to make loans," Mnuchin said in an CNBC interview, apparently referring to his time leading IndyMac, a bankrupt mortgage lender. "That's the engine of growth to small- and medium-size businesses."..

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