FT News Briefing Trump pleads not guilty
Apr 5, 2023
Donald Trump made history by pleading not guilty to 34 felony charges, marking a significant moment for a former president. Meanwhile, Credit Suisse faced a tumultuous farewell at its last shareholder meeting, where the chair expressed deep apologies. HSBC’s acquisition of Silicon Valley Bank’s UK business stirred up outrage from investors in Hong Kong, questioning the bank's priorities and due diligence. The episode captures the heat of legal turmoil and financial upheaval in the banking world.
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Trump's Not Guilty Plea
- Donald Trump pleaded not guilty to 34 felony counts of falsifying business records related to hush money payments.
- These payments allegedly went to adult film star Stormy Daniels during his 2016 presidential campaign.
Upcoming Legal Proceedings
- Trump's defense team will file motions to dismiss the case, likely delaying proceedings for months.
- A judge will rule on these motions in December, requiring Trump's appearance.
Credit Suisse's Final AGM
- Credit Suisse held its last annual general meeting, with shareholders expressing anger over the bank's collapse.
- One shareholder brought walnut shells, comparing their value to Credit Suisse shares.