All articles tagged with #financial statements
A new comprehensive dataset of U.S. commercial banks' call reports from 1959 to 2025 has been released, offering standardized, detailed balance sheet and income statement data for research and analysis of the banking sector's historical performance and trends.
An appeals court in New York has overturned the massive civil fraud penalty against Donald Trump, ruling that the $515 million fine was excessive and violating the Eighth Amendment, while leaving open the possibility for further legal challenges.
Former President Donald Trump has filed an appeal of the New York civil judgment that found him liable for fraudulently inflating his net worth, less than two weeks after being ordered to pay over $450 million in fines and interest. The appeal comes as Trump faces challenges in finding an appeal bond to pause the judgment from being enforced, and as he continues to grapple with multiple civil judgments and criminal counts while running for president.
New York Supreme Court justice ordered Donald Trump to pay a penalty of $354,868,768, plus interest, for using false financial statements that deceived banks and insurance companies. The total penalty, including interest and penalties for Trump's sons and another company executive, amounts to more than $464 million. The lawsuit alleged that Trump and his company produced false financial statements, leading to better loan rates and insurance policies. Trump's appeal is ongoing, and his net worth has been estimated at $3.1 billion by Bloomberg Billionaires Index and $2.5 billion by Forbes.
Donald Trump launches new Trump-branded high-top shoes for $399 at Sneaker Con just days after being ordered to pay over $350 million in fines in a civil fraud trial where he was found to have inflated his wealth on financial statements. The judge also banned him from doing business in New York for three years. Trump's sons, Don Jr and Eric, were also ordered to pay fines for fraudulent business dealings. Trump has vowed to appeal the ruling and has publicly criticized the judge and New York Attorney General.
A New York judge has fined Donald Trump $354 million for fraudulent business practices, with his sons Donald Trump Jr. and Eric Trump fined $4 million each, and the former Trump Organization CFO fined $1 million. The decision also bars Trump from being an officer of a New York company for three years and his sons for two years each. The judge criticized the defendants for their lack of contrition and remorse, and ordered an independent monitor to oversee the Trump Organization for at least three years. The ruling stems from a lawsuit filed by New York Attorney General Letitia James, alleging fraudulent financial statements to obtain better loan terms and business deals. Trump's legal team has vowed to appeal the ruling.
A verdict is expected Friday in Donald Trump’s New York civil fraud trial, where he could face millions of dollars in penalties and sanctions for inflating his wealth on financial statements. New York Attorney General Letitia James is seeking $370 million and a ban on Trump and other defendants from doing business in the state. This comes after a busy week in court for Trump, with a different New York judge ruling that he will stand trial on charges of falsifying his company’s records, and a judge in Atlanta hearing arguments on whether to remove a district attorney from Trump’s Georgia election interference case.
A court-appointed monitor overseeing Donald Trump’s businesses reported financial disclosures that suggest the former president evaded taxes on millions of dollars in income by hiding money in fake loan transactions. The report alleges that a major $48m loan for one of his properties in Chicago may have never actually existed, potentially allowing him to evade taxes on $48m of cancelled debt. The monitor's letter is part of a civil fraud case brought by the New York Attorney General, seeking $370m in "ill-gotten gains" and a ban on Trump and his sons from the real estate industry.
A court-appointed monitor overseeing Donald Trump’s businesses reported financial disclosures that suggest the former president evaded taxes on millions of dollars in income by hiding money in fake loan transactions. The report alleges that a major $48m loan for one of his properties in Chicago may have never actually existed, potentially allowing him to evade taxes on $48m of cancelled debt. The monitor's report is part of a fraud case brought by the New York Attorney General, seeking $370m in ill-gotten gains and a ban on Trump and his sons from the real estate industry.
Archer-Daniels-Midland Co (ADM) will postpone performance bonuses for some executives until completion of financial statements and audit amid an accounting probe focused on the nutrition segment, which had a significant impact on executive compensation. The investigation was prompted by a request for information from the U.S. Securities and Exchange Commission, leading to a 24% drop in ADM shares. The company has delayed the release of its full-year 2023 financial results and is reevaluating its executive compensation structure tied to operating profit growth of the Nutrition segment.
Archer-Daniels-Midland Co will postpone performance bonuses for some executives until completion of its financial statements and audit amid an accounting probe focused on its nutrition segment, which had a significant impact on executive compensation. The investigation, prompted by a request for information from the U.S. Securities and Exchange Commission, led to the delay and the sidelining of the chief financial officer. The company's Compensation and Succession Committee had tied long-term executive compensation to the Nutrition segment's operating profit growth, resulting in significant payouts to executives.
Newly released deposition video of Donald Trump shows his demeanor going from calm to indignant as he faces the New York attorney general's questioning in a civil fraud lawsuit, where he rips the lawsuit as a "disgrace" and "a terrible thing." Trump insists the banks allegedly deceived suffered no harm and accuses the attorney general of spending time investigating him instead of stopping violent crime. He invokes his Fifth Amendment privilege more than 400 times in a previous deposition and claims his financial statements were not meant to be taken seriously, with some numbers being "guesstimates." Trump boasts about the value of his brand and properties, using superlatives to describe them, and suggests he could get staggering amounts if he were to sell them.
The Motley Fool contributor Parkev Tatevosian provides a simplified financial statement analysis for Nvidia, suggesting that investors consider the insights of the Stock Advisor analyst team, which has not included Nvidia among its top 10 stock picks. Tatevosian, who has no position in the stocks mentioned, is affiliated with The Motley Fool and may earn compensation for promoting its services.
The Motley Fool contributor Parkev Tatevosian conducted a financial statement analysis of Palantir stock, with the stock not being among the 10 best stocks identified by The Motley Fool Stock Advisor analyst team. The Stock Advisor service, which has outperformed the S&P 500 since 2002, provides guidance on building a portfolio and offers regular updates and new stock picks. Tatevosian, who has no position in the mentioned stocks, may be compensated for promoting The Motley Fool's services, but his opinions remain unaffected.
Donald Trump's New York fraud trial is coming to a close, with his lawyers making closing arguments to avoid a potential $370m fraud fine and business ban in New York state. The judge blocked Trump from delivering his own closing statement, and a verdict is expected by the end of the month. The trial, which has been on a break since December, centers on allegations that Trump inflated the value of his assets on financial statements for profit. The New York attorney general's office argues that Trump knowingly inflated his assets to secure deals with lenders, while Trump's lawyers claim that errors in accounting are common and do not constitute fraud. The future of the case hinges on a New York appeals court ruling, with potential appeals likely if the ruling goes against Trump.