Goldman Sachs

The prestigious investment bank is undertaking one of its biggest rounds of layoffs since the Global Financial Crisis.

The credit card would represent a foray into new businesses for both companies. With a card, Apple may be able to take a larger cut from purchases than it does now through Apple Pay.

During the financial crisis Steve Mnuchin was working to make profits from the ruins of the housing bust. He assembled investors who bought IndyMac, a failed bank that had been taken over by the FDIC.

Elizabeth Warren tells Morning Edition that audio tapes made by an investigator working for the New York Fed re-enforce the perception of a disturbingly cozy relationship between regulators and banks.