Barclays to pay $2bn settlement over fraud case going back to financial crisis

Barclays has agreed to pay $2bn (£1.4bn) to settle a US civil action related to the mis-selling of residential mortgage-backed securities (RMBS) in the run-up to the financial crisis.
Two former Barclays executives also agreed to pay $2m to resolve claims brought against them, the US Department of Justice said on Thursday
The complaint, filed in December 2016, Barclays caused billions of dollars in losses to investors by engaging in a fraudulent scheme to sell 36 RMBS, and that it misled investors about the quality of the mortgage loans backing those deals.
It alleged that Barclays' investment banking division, Barclays Capital, had committed mail fraud, wire fraud, bank fraud, and other misconduct.
“This settlement reflects the ongoing commitment of the Department of Justice, and this Office, to hold banks and other entities and individuals accountable for their fraudulent conduct,” stated United States Attorney Donoghue. “The substantial penalty Barclays and its executives..

Trump Attacks Amazon, Saying It Does Not Pay Enough Taxes

Supported by Politics Trump Attacks Amazon, Saying It Does Not Pay Enough Taxes Photo Amazon and the company’s founder, Jeff Bezos, are among President Trump’s regular Twitter targets. Credit Tamir Kalifa for The New York Times WASHINGTON — President Trump spoke out against Amazon on Thursday, saying that the online behemoth does not pay enough taxes and uses the United States postal system “as their Delivery Boy.”
The president’s commentary, made in a Twitter post, comes amid reports that Mr. Trump has expressed an interest in reining in the e-commerce business.
I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!
— Donald J. Trump (@realDonaldTrump) March 29, 2018 Amazon and the company’s founder, Jeff Bezos, are among Mr. Trump’s regular Twitter targe..

Book Listing Hitler as a ‘Great Leader’ Is Removed from Publisher’s Website

Book Listing Hitler as a ‘Great Leader’ Is Removed from Publisher’s Website NEW DELHI — An Indian publisher has removed from its online store a children’s book that included Hitler on a list of world leaders who “devoted their lives for the betterment of their country and people.”
The book, titled “Leaders” but previously listed on the publisher’s website as “Great Leaders,” spotlights 11 world figures “who will inspire you.” On its cover, Hitler is featured alongside Barack Obama, Nelson Mandela and Mohandas K. Gandhi, among others.
Published by the Pegasus imprint of B. Jain Publishing Group of India, the book came under fire this month after the Simon Wiesenthal Center, a global human rights organization researching the Holocaust and hate in historical and contemporary contexts, called the decision to include Hitler an “abomination.”
In a statement released this week, Rabbi Abraham Cooper, associate director of the center, hailed the removal of the 48-page book from the publisher’s ..

Is Your Waiter Rude, or Merely French? A Debate Is Revived

Is Your Waiter Rude, or Merely French? A Debate Is Revived Photo “The line that ‘I am French so I am rude,’ well, that is not a defense,” said Edith Boncompain, of the French Institute Alliance Française in New York, after a fired waiter in Canada made headlines with such a claim. Credit Gabriel Bouys/Agence France-Presse — Getty Images Few cultural stereotypes are more pervasive than the surly French waiter.
In the 1985 movie “European Vacation,” Chevy Chase and his family meet a Parisian garçon who, after insulting the brood, offers them dishwater to drink.
And who can forget the scene from Monty Python’s “The Meaning of Life” when a French waiter, faced with his unfulfilling existence, swears at the camera then turns for home?
Well, in Canada recently, Guillaume Rey, a waiter at Milestones Bar + Grill in Vancouver, British Columbia, filed a complaint against the restaurant’s parent company, Cara Operations, after he was fired for being combative, aggressive and something of a bully…