Steven Mnuchin, a hedge fund manager and former Goldman Sachs executive, is President-elect Donald Trump's choice for Treasury secretary, the New York Times and CBS News reported Tuesday. [...]

A graduate of Yale University, Mnuchin worked for 17 years at Goldman Sachs, the powerful Wall Street investment bank targeted by Trump during the campaign. He left in 2002 to start Dune Capital Management, a hedge fund. He has also invested in the entertainment industry and housing.

Mr. Trump, in a campaign ad intended as a closing argument, portrayed the chief executive of Goldman Sachs as the personification of a global elite that the ad said had “robbed our working class.”