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RBS, more than 80pc by the taxpayer, said that so far, the typical Help to Buy applicant was 32 years-old and looking for a joint mortgage for a property. The youngest applicant to date is 19, and the oldest, 42.
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Whatever issues the shutdown creates, it would likely be dwarfed by the prospect of a debt ceiling showdown. Though the two deadlines aren't related, they are coming one after the other: the nation is poised to hit the debt ceiling on October 17. If that happens, it could send panic throughout financial markets, sending stocks tumbling. It could also send interest rates spiking and threaten the nation's credit rating if investors and rating agencies decide that U.S. treasuries are risky.
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The bank said Erhardt's 7-week internship in its investment banking division was set to end this week, and that other interns have been told they can wrap up their internships early if desired without affecting chances of future employment.
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