Donald Trump cannot find a private company to guarantee the $464m (£365m) he has been ordered to pay in a New York civil fraud case.

The former president must either pay the full amount in cash or secure a bond in order to continue his appeal.

Mr Trump’s lawyers said on Monday that securing a bond of that size was a “practical impossibility”.

For a fee, a bonding company would guarantee the full amount to the New York court.

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