NatWest Beats Estimates on Signs of Growing Customer Confidence
NatWest Group Plc beat earnings estimates in the first quarter as lending and deposits increased while customers started to feel more confident.
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NatWest Group Plc beat earnings estimates in the first quarter as lending and deposits increased while customers started to feel more confident.
Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.
Hong Kong home prices rose for the first time in almost a year in March as the city’s removal of property curbs revived sales.
Greater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
Oct 22, 2020
Bloomberg News
,(Bloomberg) -- Former Trump campaign chief Paul Manafort can’t be prosecuted by New York state over the same conduct that landed him in prison on federal charges, a New York appeals court ruled.
The state appellate court in Manhattan on Thursday upheld the earlier dismissal of the mortgage-fraud charges on double-jeopardy grounds, saying it is “undisputed that the federal charges of which defendant has already been convicted involve the same fraud, against the same victims.”
Manhattan District Attorney Cyrus Vance Jr. launched an investigation of Manafort in 2017 but halted it after U.S. Special Counsel Robert Mueller began a similar probe. Manafort was convicted in 2018 of lying to authorities about tens of millions of dollars he earned as a political consultant in Ukraine and misleading banks about his financial health to get loans. Both prosecutions claim he lied in mortgage applications for properties in New York.
The New York prosecution has been widely viewed as a hedge in case President Donald Trump decides to pardon his 2016 campaign chairman, as the president’s pardon powers don’t apply to state cases. The district attorney had argued that double jeopardy didn’t apply because his case seeks to address different harms from the federal charges.
Vance can appeal Thursday’s ruling to the state’s top court in Albany. Danny Frost, a spokesman for the district attorney, didn’t have an immediate comment on the decision.
Manafort, who also pleaded guilty in a separate federal case charging him with illegal foreign lobbying, money laundering and witness tampering, was sentenced to 7 1/2 years in prison. He was released to home confinement in May as part of an effort to protect inmates from the coronavirus.
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