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In This List

Report: Trump picks Fannie Mae counsel as deputy treasury secretary

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Report: Trump picks Fannie Mae counsel as deputy treasury secretary

President Donald Trump will nominate Brian Brooks, the general counsel for Fannie Mae, as deputy secretary of the U.S. Treasury, according to a report in Axios that cited "three sources with direct knowledge." Brooks is a former colleague of Treasury Secretary Steven Mnuchin at OneWest, one of California's largest banks.

Mnuchin was said to be seeking someone whose loyalty he could rely on for the position. The deputy secretary is expected to play a key role in efforts to reform the tax code, one of Trump’s major campaign promises.

Goldman Sachs Group Inc. executive James Donovan, reportedly the original choice for the position, withdrew from consideration in May.