RBS to pay New York $500m for deceptions ahead of 2008 crash

RBS to pay New York $500m for deceptions ahead of 2008 crash

State attorney general says of agreement: ‘While the financial crisis may be behind us, New Yorkers are still feeling the effects’ Royal Bank of Scotland on Tuesday agreed to pay $500m to settle charges of using deceptive practices while marketing and selling mortgage-backed securities before the 2008 financial crisis. Announcing the agreement, the New York attorney general, Eric Schneiderman, said: “While the financial crisis may be behind us, New Yorkers are still feeling the effects of the housing crash. Home values plummeted. Vacant homes consumed neighborhoods. And for many New…

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Vatican hosts first hackathon to tackle global issues

Vatican hosts first hackathon to tackle global issues

The Vatican is to host its first hackathon this week, harnessing the technological skills and creativity of students from more than 50 universities around the world to tackle issues identified as priorities by Pope Francis. About 120 students and 35 mentors will gather in Rome over three days to focus on social inclusion, migrants and refugees, and interfaith dialogue. “The aim is to bring people with backgrounds in technology, business, civil society and the humanities together to bring new perspectives to key global issues,” said Father Eric Salobir, a Catholic…

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Youth employment in Brussels drops by a third in four years

Youth employment in Brussels drops by a third in four years

Brussels had 9,535 young unemployed people in February. That’s a 33% drop since 2014, according to figures released by Actiris on Friday. This 57th consecutive monthly decrease still leaves youth unemployment relatively high at 24.1% (9,525 job seekers under 25 years old). In total, Brussels had 91,681 job seekers in February, an unemployment rate of 16.5%. That’s a 3.8% drop compared to 2017 and a 14.7% drop compared to 2014.

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