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☆ The firm that backed Trump’s $175 million bond reveals how the deal came together
▼ + stars: | 2024-04-02 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

It was put together very quickly.”Based in California, Knight Specialty Insurance is known for providing subprime auto loans to car buyers with weaker credit scores. At first, Trump planned to post a mix of investment-grade bonds and cash as collateral (80% bonds and 20% cash), Hankey said. Although Knight Specialty received the bonds and approved them, he said they were not posted in the end. “Ultimately, he put up all cash,” Hankey said, adding that he does not know where the $175 million in cash that Trump posted came from. In 2022, Axos Bank, a California lender, loaned Trump $100 million to refinance the mortgage on Trump Tower.

Persons: CNN — Don Hankey, Donald Trump’s, Trump, ” Hankey, Hankey, Forbes, Specialty, Eric Trump, It’s Organizations: CNN, Specialty Insurance, Knight Specialty Insurance, Trump Organization, Trump, Knight, Axos Bank Locations: New York, California, Axos

☆ Apple’s industrial design chief to depart company three years after Jony Ive
▼ + stars: | 2022-10-21 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +2 min

CNN Business —Apple’s industrial design chief who most recently oversaw the design of products including the iPhone, Apple Watch and Mac computers is leaving the company. Evans Hankey was one of two people promoted to oversee the design team after the departure of Apple (AAPL)’s longtime product designer, Jony Ive, in June 2019. “Apple’s design team brings together expert creatives from around the world and across many disciplines to imagine products that are undeniably Apple,” a spokesperson said. Hankey stepped into the role after Ive left to start his own design company, LoveFrom. In December 2021, Hankey and Dye offered Wallpaper, a design and lifestyle publication, a rare look inside how Apple’s design team approaches new products.

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