• Business Accounting

    District attorney hires forensic accounting experts to aid Trump criminal probe

    Vance has contracted with FTI Consulting to look for anomalies among a variety of property deals, and to advise the district attorney on whether the president’s company manipulated the value of certain assets to obtain favorable interest rates and tax breaks, according to a person with knowledge of the investigation who, like others, spoke on the condition of anonymity because the matter remains highly sensitive. The probe is believed to encompass transactions spanning several years. Spokesmen for Vance and FTI Consulting declined to comment. Representatives for the Trump Organization did not respond to a request for comment. In the past,  

    Comments Off on District attorney hires forensic accounting experts to aid Trump criminal probe
  • Business News

    States Try to Rescue Small Businesses as U.S. Aid Is Snarled

    With the economic recovery faltering and federal aid stalled in Washington, state governments are stepping in to try to help small businesses survive the pandemic winter. The Colorado legislature held a special session last week to pass an economic aid package. Ohio is offering a new round of grants to restaurants, bars and other businesses affected by the pandemic. And in California, a new fund will use state money to backstop what could ultimately be hundreds of millions of dollars in private loans. Other states, led by both Republicans and Democrats, have announced or are considering similar measures. But there  

    Comments Off on States Try to Rescue Small Businesses as U.S. Aid Is Snarled
  • Business Accounting

    Trading, Underwriting Business to Aid Goldman (GS) Q2 Earnings

    Increase in client activities and rise in market volatility on the coronavirus concerns are likely to have aided trading revenues (both equity and fixed-income), driving Goldman Sachs’ GS second-quarter 2020 earnings, slated for a Jul 15 release. The global economic slowdown, the Federal Reserve’s accommodative stance and a number of activities in the quarter continued to impact economy and kept tickling trading counters, resulting in volatile market performance. Investors also continued to move toward safe havens like Treasury bonds and other commodities like gold on uncertain markets amid the coronavirus crisis. Hence, Goldman’s solid market revenues are expected to  

    Comments Off on Trading, Underwriting Business to Aid Goldman (GS) Q2 Earnings