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FRANKFURT, Feb 9 (Reuters) - Credit Suisse (CSGN.S) has taken another step towards creating a standalone investment bank by buying Michael Klein's advisory boutique, but gave few clues on Thursday about potential investors who might back the business with new capital. In October, Credit Suisse Chief Executive Officer Ulrich Koerner said the bank had already a commitment from an investor without giving a name. The plan has raised concerns from Credit Suisse shareholders over potential conflicts of interest. Credit Suisse said it would keep control over the structure of CS First Boston. CEO Koerner said: "The ties between the new Credit Suisse and CS First Boston are obviously super-deep and will stay super-deep."

☆ Trump risks 'hush money' charges carrying up to 4 years in prison, say ex-Manhattan prosecutors
▼ + stars: | 2023-01-31 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

Trump's Stormy Daniels "hush money" is the subject of a Manhattan grand jury, The NY Times reports. Ex-Manhattan financial crimes prosecutors say Trump risks felony-level state records-fraud charges. The first requirement to proving the highest level of falsifying business records would be showing that records were indeed falsified in the business records of an enterprise. Cohen has admitted being the bag man who delivered $130,000 in "hush money" on the brink of the 2016 election. Each check could be a separate "falsifying business records" charge, Moscow said.

☆ Ukraine, Iran's quests for freedom to dominate Berlin Film Festival
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +2 min

[1/2] A pin, Berlinale bear in Ukrainian flag's colors, is seen on the sweater of a staff member during a news conference ahead of the 73rd Berlinale International Film Festival in Berlin, Germany, January 23, 2023. REUTERS/Fabrizio BenschBERLIN, Jan 23 (Reuters) - Sean Penn's documentary portrait of Ukrainian President Volodymyr Zelenskiy, filmed as Russia invaded Ukraine a year ago, will be among headliners at next month's Berlin Film Festival, where a life achievement award will go to Steven Spielberg. "And maybe Berlin is more relevant than other places, because we are close to Ukraine, because Ukrainian people live in Berlin." The competition will also make space for animation with "Suzume" by Japan's Makoto Shinkai, described by Chatrian as the "poet of youth". Described as a journey through the Japanese archipelago, the film stands out for its bold colouring.

☆ Allen Weisselberg could get more time since the Trump Org guilty verdict required jurors to find he lied
▼ + stars: | 2022-12-17 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

A judge could rule Weisselberg violated the deal because jurors, by their verdict, found he lied. He has been promised a five-month jail sentence as part of his August plea deal. But that deal required Weisselberg, 75, to testify truthfully against former President Donald Trump's real-estate company, where he's worked since the 1970s. "Weisselberg says over and over, 'I, together with the Trump Organization,'" Florence, now in private practice, noted of his guilty plea. Trump Organization lawyers have already promised to appeal the verdict itself.

"The successful completion of the capital increase is a key milestone for the new Credit Suisse," its chief executive Ulrich Koerner said in a statement. Credit Suisse had already raised 1.8 billion francs by placing stock with a group of institutional investors led by Saudi National Bank (1180.SE). The exercise of subscription rights left only 16.4 million shares unsold. These are due to be sold on the market at or above the offer price of 2.52 Swiss francs, Credit Suisse said. Credit Suisse, has been battered by mishaps, including a $5.5 billion loss on U.S. investment firm Archegos.

☆ After Trump Org tax-fraud conviction, will Trump only get a slap on the wrist or could he face new NY charges?
▼ + stars: | 2022-12-07 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

NY law limits the penalties Trump faces to $250K per tax count and $10K per crime. But the conviction could embolden the Manhattan DA's office to pursue more cases against the former president and his company, insiders say. The tax-fraud case against the Trump Organization has been that probe's only indictment to date. That victory — and the apparent willingness of Manhattan residents to hit hard — may embolden the DA's office to go after Trump himself. "He has 500 subsidiaries" he said of the Trump Organization.

WASHINGTON — Democrats advanced a plan Friday to reorder the early voting states in their presidential primary calendar, one that would put South Carolina first, jettison Iowa and demote New Hampshire. The overhaul calls for South Carolina to hold its Democratic primary on Feb. 3, followed by Nevada and New Hampshire on Feb. 6. Georgia would hold its primary on Feb. 13, with Michigan rounding out the early voting on Feb. 27. Democrats have spent months debating their primary calendar, aiming to increase the diversity of states that help select the party’s standard-bearer and to add more general election battlegrounds to the mix. "Our first-in-the-nation primary is part of our culture and has been in place for over 100 years.

☆ Iowa GOP threatens to move caucuses to Halloween to mess with Democrats
▼ + stars: | 2022-11-20 | by ( Natasha Korecki | Natasha Korecki Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

But if a different state were to move into Iowa’s slot for Democrats, Kaufmann said he will make sure he keeps jumping so Iowa’s Republican caucus goes first. Kaufmann’s position could complicate the overall schedule even more since New Hampshire has a law on the books that it has to hold its primary just after Iowa’s caucuses. That old system began with the Iowa caucuses, then went to the New Hampshire primary, Nevada and South Carolina. Dozens of states have now applied to take one of the early state positions. The Democratic National Committee’s rules and bylaws committee is scheduled to meet in early December in Washington to discuss the presidential primary schedule.

The company will be a preferred long-term partner for Credit Suisse, the bank has said. Credit Suisse declined to comment beyond Lehmann's remarks Oct. 27 when the bank unveiled the restructuring. The investment bank spin-off and the sale of the securitized products unit to Apollo are key planks of the reorganization. Klein, a 59-year-old former Citigroup rainmaker who runs advisory boutique M. Klein & Co, has been a Credit Suisse board member since 2018. Klein and Credit Suisse also have discussed combining M. Klein & Co into CS First Boston, according to one source familiar with the discussions.

ZURICH/NEW YORK, Oct 28 (Reuters) - After months of reflecting, Credit Suisse's chairman Axel Lehmann revealed an overhaul "to rebuild Credit Suisse as a strong ... bank with a firm foundation, rock-solid like our Swiss mountains". On Thursday, Credit Suisse outlined plans to raise 4 billion Swiss francs from investors, cut thousands of jobs and shift its focus from investment banking towards its rich clients. Credit Suisse said its clients pulled funds in recent weeks at a pace that led the lender to breach some regulatory requirements for liquidity, underscoring the deep impact of wild market swings and social media speculation about its health. It will separate its investment bank to create CS First Boston, focused on advisory work such as mergers and acquisitions and arranging deals on capital markets. And that's the pond that Credit Suisse is swimming in."

☆ Johnson's campaign is paying the law firm of a Trump attorney allegedly connected to Jan. 6 fake elector plot
▼ + stars: | 2022-10-17 | by ( Natasha Korecki | Natasha Korecki Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +7 min

The records show he made regular payments, totaling at least $30,000 in payments this year, to another law firm, Wiley Rein, for legal consulting. Other numbers publicly listed for Troupis Law Office appear disconnected or are inoperable. Phone, email and text messages left with Johnson’s campaign were not immediately returned. On May 11, Chesebro donated $5,800 to Johnson’s campaign, the maximum amount an individual can contribute during the primary, under FEC rules. That lawsuit alleges that Troupis was a link between the Trump campaign and the fake electors.

☆ Grupul ProCredit a înregistrat o creștere semnificativă a portofoliului și un rezultat consolidat îmbunătățit în primul trimestru al anului 2021, bazându-se pe rezultatele financiare solide ale anului
▼ + stars: | 2021-05-18 | by ( Https | Www.Facebook.Com Unimedia.Info | Vitalia Pavlicenco | ) unimedia.info time to read: +10 min

Rezultatul consolidat a crescut la 15,6 milioane EURO (T1 2020: 13,7 milioane EURO), reprezentând o rentabilitate îmbunătățită a capitalului de 7,9% (T1 2020: 7,0%). Toate băncile ProCredit au contribuit pozitiv în primul trimestru al anului 2021, ajungând la un rezultat consolidat îmbunătățit. Creșterea portofoliului în primul trimestru al anului 2021 se datorează poziției puternice pe piață a Grupului ProCredit ca „Hausbank” pentru întreprinderile mici și mijlocii (IMM-uri). Profilul de risc solid - baza pentru rezultate financiare buneÎn primul trimestru al anului 2021 calitatea portofoliului a rămas în general stabilă la nivelurile de la sfârșitul anului 2020. Rezultatul consolidat pentru primul trimestru al anului 2021 și rezultatul consolidat pentru a doua jumătate a anului 2020 nu au fost încă recunoscute în fondurile proprii de nivel 1 de bază.

Persons: Andrea Kaufmann, KGaA, KGaA ProCredit Holding AG & Co ., Holding AG & Co ., ProCredit Holding AG & Co . KGaA Organizations: EURO, Adunarea Generală, Adunarea, Autoritatea Federală, Supraveghere, Băncii Centrale Europene, Group Communications, Holding AG & Co, KGaA ProCredit Holding AG & Co, Invest, KfW, Băncii Mondiale, ProCredit Holding AG & Co, Banca Centrală, Holding, ProCredit Holding Locations: Frankfurt am Main, Sud - Estul, Europei, Autoritatea Federală Germană, Băncii, Holding, Tel, Frankfurt pe Main, Germania, Europa de Sud - Est, Est, America de Sud, Frankfurt, Dutch, Bank, Germaniei

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