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By David Lawder WASHINGTON (Reuters) - President-elect Donald Trump's choice for Treasury secretary, Steven Mnuchin, will defend his banking record in the aftermath of the financial crisis on Thursday and sell senators on why he should be given stewardship of the U.S. financial system. Mnuchin, a former Goldman Sachs executive, hedge fund manager and Hollywood film financier, would be the first Wall Street veteran to head the Treasury Department in eight years. In prepared testimony for his confirmation hearing before the Senate Finance Committee, Mnuchin said accusations that his OneWest Bank was a "foreclosure machine" after the housing bubble burst were untrue and politically motivated.
DAKAR, Senegal (AP) — Gambia's president-elect said Thursday he will be sworn into office at the Gambian embassy in neighboring Senegal, while there was no word from longtime leader Yahya Jammeh on the day that his mandate expired.
TOKYO (AP) — World stocks were mostly lower Thursday ahead of comments from the European Central Bank's president and after Federal Reserve chair Janet Yellen signaled more interest rate increases in the months to come.