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☆ Trump is just 3 weeks from becoming the first ex-president to go on trial
▼ + stars: | 2024-03-25 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Yet the moment that history is likely to remember most clearly unfolded in a Manhattan courtroom where Trump sat seething as a judge thwarted his latest delaying tactics and set a date for his hush money trial. Of course, it’s also possible that Trump could be acquitted in this criminal case. It is a mark of the depth of Trump’s legal hole that a reduced requirement to post a bond worth $175 million counts as a big win. Already clashing with another judgeTurning to Judge Juan Merchan, who took the gloss off of the ex-president’s day by scheduling the trial date, Trump issued another bitter complaint. Trump’s looming criminal trial presents a challenge and an opportunity for the Biden campaign.

Persons: Donald Trump staved, Trump, it’s, Stormy Daniels, isn’t, ” Trump, ”, he’d, he’ll, Arthur Engoron, Letitia James, “, Juan Merchan, Attorney Alvin Bragg, ” Ryan Goodman, CNN’s Erica Hill, Jack, Fani Willis, Willis, Aileen Cannon, Biden, Nikki Haley, she’s, Joe Biden, Trump’s, “ Donald Trump, James Singer, Donald Trump, –, Merchan, ” Merchan Organizations: CNN, Trump, New York, ”, Manhattan, Attorney, Department of Defense, Fulton, GOP, South Carolina Gov, Biden, Arab American, Israel, Engoron, Monday Locations: Manhattan, New York, Fulton County, Georgia, Lago, Florida, Trump, Atlanta, Michigan, Gaza, York

A New York judge on Friday ordered former President Donald Trump to pay $364 million in damages for fraud he committed by inflating his net worth to obtain favorable treatment from banks and insurers. The blistering 92-page ruling from Judge Arthur Engoron was replete with references to the brazen nature of the misdeeds of Trump, his adult sons and his business organization. Here are nine key quotes from Engoron’s ruling. The frauds found here leap off the page and shock the conscience.”On the reaction of Trump and his adult sons:“Their complete lack of contrition and remorse borders on pathological. Donald Trump is not Bernard Madoff.

Persons: Donald Trump, Judge Arthur Engoron, Trump, Justice Potter Stewart, ”, “, Bernard Madoff, ’, “ Donald Trump, Trump’s, Ivanka Trump, Rosemary, ” Ivanka Trump, fraudsters, Eli Bartov’s, Bartov, “ John Shubin, Mr, Shubin, Robert Unell, Unell, Birney, Donald Trump’s, Whitley Penn, Donald Bender, Mazars, Allen Weisselberg doesn’t, Allen, Weisselberg Organizations: United States Supreme, Trump Organization, ”, Trump, Deutsche, OAG, trifles, Allen Weisselberg’s Locations: York, ”, New York, ’

The judge described how Trump, his adult sons Donald Jr. and Eric, the Trump Organization and other defendants made up valuations and inflated Trump's net worth to suit their business needs. Trump and the other defendants have argued that they never committed fraud, and that the challenged transactions were profitable. Engoron said James submitted "conclusive evidence" that Trump had overstated his net worth by between $812 million and $2.2 billion. Engoron's decision does not automatically mean James' fraud case will go to trial next Monday. Trump has sued to delay the trial, accusing Engoron and James of ignoring the appeals court order to narrow the case.

Persons: Donald Trump, Scott Morgan, Justice Arthur Engoron, Letitia James, Engoron, Trump, Donald Jr, Eric, Christopher Kise, James, Bill Black, Black, Lawfare, Hunt, Trump's overvaluations, Trump's, Ivanka, Democrat Joe Biden, Jean Carroll, Karen Freifeld, Jack Queen, Jonathan Stempel, Chris Reese, Deepa Babington, Leslie Adler Organizations: U.S, Republican, REUTERS, Trump Organization, Trump, University of Minnesota Law School, Trump Organization of, Democrat Locations: Dubuque , Iowa, U.S, York, New York, Manhattan, Lago, Florida, Manhattan's, Saudi Arabia

☆ Fintech VCs are readying their checkbooks as cash-strapped startup founders run out of options
▼ + stars: | 2023-08-08 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Fintech funding has been on a decline from 2021's peak levels, but VCs see signs of a rebound. VCs are itching to get back to dealmaking as they see early signs of a rebound in the fintech industry. Cash-strapped founders who didn't want to fundraise in a down market and get valuations slashed are running out of options and time. They dominated the fintech market in the past several years, but the shine is wearing off, Shriner said. Fintech VCs will get to spend more time on due diligence, looking beyond so-called "vanity metrics," Fernandez said.

Persons: Cash, didn't, Mark Peter Davis, Davis, We're, Tripp Shriner, Robert Ruark, Ruark, B2C, VCs, Shriner, — crowdedness, Stephanie Choo, Marcos Fernandez, KPMG's Ruark, Fintech, Fernandez Organizations: Interplay, Investors, Point72 Ventures, KPMG, Tiger, Portage Ventures, Fiat Ventures Locations: dealmaking, VCs, overvaluations

☆ Germany's housing market is ripe for a serious price correction, economists warn
▼ + stars: | 2022-12-05 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +6 min

"The housing market is softening significantly," he said, citing a strong decrease in demand for loans and a drop in housing construction. watch nowAnd while the language used may vary, many analysts are forecasting a dip in Germany's housing market. A Reuters poll of property market experts last month anticipated German house prices would fall by 3.5% next year. A 'vulnerable' market But not all financial institutions agree that Germany's property market is set for a large correction. The labor market is key Moves in the labor market will determine how the property market shifts, according to some analysts.

☆ German financial system under strain but property correction not seen: Bundesbank
▼ + stars: | 2022-11-24 | by ( Cynthia Kim | Jihoon Lee | ) www.reuters.com time to read: +2 min

FRANKFURT, Nov 24 (Reuters) - Risks in the German financial system are building as the economy heads for a recession and struggles with rising interest rates and sky-high energy prices, but a correction in the housing market is not imminent, the Bundesbank said on Thursday. "The macro-financial environment has deteriorated substantially," the Bundesbank said in a Financial Stability Review. Still, the Bundesbank did not expect a significant correction in house prices, which were in the past seen 15% to 40% overvalued. "A worsening energy crisis, a sharp economic slump and abruptly rising market interest rates could put the German financial system under considerable pressure," the bank added. Extreme volatility in energy prices sharply increased the collateral requirements of central counterparties in derivatives trading but government measures cushioned the liquidity shortage and the overall supply of credit "has worked well", it said.

☆ German property market will slow — but no significant correction ahead, central bank says
▼ + stars: | 2022-11-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Germany's central bank is predicting a slowdown but no significant correction in the country's property market despite warnings of overvaluation, according to a report published Thursday. Some analysts, including at Deutsche Bank, have forecast a sharp decline for the sector. The German market has a high share of fixed-rate mortgages so households are less vulnerable to rising interest rates than in some other countries, she continued. It says there has been no fundamental reassessment of credit risk in German banks so far but says its financial system is "vulnerable to adverse developments." "The message is very clear, we need a resilient financial system, we need to keep building up resilience over the next period of time," Buch told CNBC.

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