iab-business accounting & finance

Trump fraud trial begins in New York on Monday: What to know

Trump fraud trial begins in New York on Monday: What to know

CNN  —  Former President Donald Trump arrived in a New York courtroom Monday for the start of the civil fraud trial against him, his eldest sons, their companies and Trump Organization executives. Opening statements in the civil trial over inflated assets in fraudulent financial statements come less than a week after a shocking ruling by …

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Evergrande’s bankruptcy may be just the beginning of China’s real estate crisis

Evergrande’s bankruptcy may be just the beginning of China’s real estate crisis

New York CNN  —  Evergrande’s US bankruptcy serves as a cautionary tale about the growth-at-all-costs model that underpinned China’s spectacular growth over the past 30 years.  For decades, Evergrande, once one of China’s most successful real estate developers, gobbled up debt as China’s economy exploded. Demand for housing was so strong, homebuilders often pre-sold apartment …

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