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HONG KONG, Oct 25 (Reuters) - Hong Kong's efforts to revive its shrinking stock market are mere stopgap solutions, as analysts say a reversal in fortunes for Asia's premier financial hub would not be possible without a major improvement in China's economic prospects. With a market value of around $4.3 trillion, Hong Kong is home to one of the top-ranked stock markets globally just behind those in the United States, Japan, China and Europe. New share offerings in Hong Kong have fizzled. Local media reported that a record 47 of the 638 trading participants on the Hong Kong exchange shut shop last year. Chinese firms listed in Hong Kong, such as tech giants Tencent (0700.HK) and Alibaba (9988.HK), comprise the bulk of the turnover on the Hong Kong exchange, leaving Hong Kong hostage to China's fortunes.

Persons: Hong, John Lee, Dickie Wong, Rob Brewis, Aubrey, Eddie Tam, Alvin Cheung, Cheung, ”, Alex Wong, Alex KY, Wong, who'd, Summer Zhen, Xie Yu, Vidya Ranganathan Organizations: Nasdaq, Kingston Securities, Seng China Enterprises, HK, Aubrey Capital Management, Hong, Asset Investments, Prudential, Asset Management Company, Global, Thomson Locations: HONG KONG, China, Hong Kong, United States, Japan, Europe, Shenzhen

☆ Bonus cap axed for UK bankers means unlimited payouts again
▼ + stars: | 2023-10-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —The UK has abandoned a cap on bankers’ bonuses, in its latest push to boost the competitiveness of London’s financial industry following Brexit. “A bonus cap is not routinely imposed in other leading international financial centers outside the EU,” the regulator added, noting that the cap had been identified as “a factor in limiting labor mobility.”The UK government has long been opposed to the cap and believes that lifting it will help shore up London’s position as an international financial hub. Brexit made access to Europe’s vast market for financial services more difficult and costly for UK-based banks, and London has lost some business to cities such as Paris, Frankfurt and Amsterdam. Britain’s financial regulators have since echoed these concerns and the PRA said Tuesday that scrapping the cap would better align pay with performance. The UK government has come under increasing pressure to deliver post-Brexit benefits for London, the center of Britain’s hugely important financial services sector.

Persons: “, “ We’re, — Organizations: London CNN, European Union, Prudential, Authority, EU, UK Finance, London, ARM Locations: London, Paris, Frankfurt, Amsterdam, ”, New York

☆ In Praise of the Ever-Evolving Lauryn Hill
▼ + stars: | 2023-10-20 | by ( Salamishah Tillet | More About Salamishah Tillet | ) www.nytimes.com time to read: +1 min

“She is having so much fun onstage” was the surprised thought that ran through my mind as Lauryn Hill kicked off her Ms. Lauryn Hill & Fugees: “Miseducation of Lauryn Hill” 25th Anniversary Tour at the Prudential Center in downtown Newark on Tuesday night. Perhaps Hill was also amped by the high stakes of the performance. Earlier this year, her Fugees group mate Pras was found guilty for an illegal foreign influence scheme, leading some to predict that this full reconciliation of Pras, Hill and Wyclef Jean would be their final tour as a trio. Or maybe, I was projecting glee back onto her since this was the first of her concerts at which I’ve felt fully at ease since attending her initial solo tour back in 1999. Every time since — including when I bought tickets to her performance at the Montreux Jazz Festival in Switzerland in 2009, only for her entire European tour abruptly canceled — I’ve been disappointed by her inconsistency.

Persons: ”, Lauryn Hill, Lauryn Hill ”, Miseducation ”, Hill, Pras, Wyclef Jean, I’ve Organizations: Prudential Center, Montreux Jazz Locations: Newark, South Orange, N.J, ”, Switzerland

☆ Beware of these expensive stocks that analysts don't like
▼ + stars: | 2023-10-17 | by ( Brian Evans | ) www.cnbc.com time to read: +8 min

For context, the longer-term P/E ratio for the past 12 months of the S & P 500 is about 21 times trailing earnings. That compares to a five-year average P/E ratio of 19.87. The life insurer's 12-month trailing P/E ratio came in at 31.99, compared to its five-year average P/E ratio of 13.62. For context, the longer-term P/E ratio for the past 12 months of the S&P 500 is about 21 times trailing earnings. The life insurer's 12-month trailing P/E ratio came in at 31.99, compared to its five-year average P/E ratio of 13.62.

Persons: JPMorgan's Marko Kolanovic, David Vogt, Tyson Foods, Jefferies, Henry Schein, Michael Bloom, Darla Mercado, Angela Weiss, HSIC Henry Schein, MOH Organizations: Treasury, Federal Reserve, CNBC Pro, IBM, UBS, Premier U.S, Tyson, Prudential Financial, Jefferies, Prudential, CNBC, Hewlett Packard Enterprise, Molina Healthcare, Pinnacle West, Traders, New York Stock Exchange, AFP, Getty, Business Machines Corp, Healthcare, Progressive Corp, Pinnacle West Capital Corp, TSN Tyson Foods, Business Machines Corp IBM, Target Premier U.S, Tyson Foods Inc TSN, Prudential Financial Inc

☆ Swift in attendance at Chiefs game for third time
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: 1 min

Taylor Swift attends the 2023 MTV Video Music Awards at the Prudential Center in Newark, New Jersey, U.S., September 12, 2023. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsOct 12 (Reuters) - Pop megastar Taylor Swift was seen in attendance prior to the start of the Kansas City Chiefs game on Thursday, the third time the 12-time Grammy winner has attended one of the team's games amid rumors of a relationship with tight end Travis Kelce. Swift was shown on the broadcast entering Arrowhead Stadium wearing a red Chiefs jacket ahead of the team's showdown with the Denver Broncos. Swift's appearance, in addition to fueling further rumors about her romance with the Chiefs' star, is sure to deliver another marketing blessing to the NFL. Reporting by Rory Carroll in Los Angeles; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Taylor Swift, Andrew Kelly, megastar Taylor Swift, Travis Kelce, Swift, Rory Carroll, Muralikumar Organizations: Prudential Center, REUTERS, Kansas City Chiefs, Arrowhead, Denver Broncos, Chiefs, NFL, Thomson Locations: Newark , New Jersey, U.S, Los Angeles

☆ EU watchdog piles pressure on banks to better quantify climate risks
▼ + stars: | 2023-10-12 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

Other "enhancements" to capital rules include adding environmental and social factors to external credit assessements of banks by credit rating agencies. Banks would also be required to identify whether environmental and social factors are triggers of operational risk losses, EBA said. "Improving the quality of data on environmental risks is a key priority as most recent data may not yet reflect environmental risks in full...," EBA said. The watchdog will develop in-house "metrics" to help it supervise environment-related risks at banks. More comprehensive revisions to capital rules to reflect climate risks will be considered for the medium to long term, EBA said.

Persons: Alexandros Avramidis, Banks, Huw Jones, Nick Macfie Organizations: REUTERS, European Banking, European Banking Authority, prudential, EBA, Thomson Locations: Provatonas, Evros, Greece

☆ India's Bharti Group to buy out French partner AXA's stake in JV
▼ + stars: | 2023-10-11 | by ( Hritam Mukherjee | ) www.reuters.com time to read: +2 min

Logos of France's biggest insurer Axa are seen on a building in Nanterre, near Paris, March 8, 2016. REUTERS/Christian Hartmann/File Photo Acquire Licensing RightsBENGALURU, Oct 11 (Reuters) - Bharti Group will acquire French insurer AXA's (AXAF.PA) 49% stake in Bharti AXA Life Insurance Co, the Indian conglomerate said on Wednesday, taking full control of a venture that was jointly run for nearly two decades. "There is ample scope for life insurance to grow in India. Bharti's JV deal, made through its Bharti Life Ventures arm, is expected to close by December this year, subject to regulatory approvals. The company competes with HDFC Life Insurance (HDFL.NS), ICICI Prudential Life Insurance (ICIR.NS), SBI Life Insurance (SBIL.NS) and LIC in a market ranked ninth in the world, according to the insurance regulatory body's latest annual report.

Persons: Christian Hartmann, Bharti, Burman, Avinash Singh, Hritam Mukherjee, Nivedita Bhattacharjee, Anil D'Silva Organizations: Axa, REUTERS, Rights, Bharti Group, Bharti AXA Life Insurance, Bharti, AXA, Life Insurance Corporation of India, United Provident Association, Insurance, JV, Religare Enterprises, Emkay Global Financial Services, Bharti's JV, Ventures, Life Insurance, ICICI Prudential Life Insurance, SBI Life Insurance, Bharti Airtel, Bharti Realty, Del Monte Foods, Del, Del Monte Pacific, Thomson Locations: Nanterre, Paris, India, Del Monte, Bengaluru

[1/2] Chairman Anthony Thomson (L) and Vice Chairman Vernon Hill pose with a dog outside the first branch of Metro Bank in Holborn in central London July 29, 2010. Metro declined to comment on Tuesday. A Starling spokesperson said the lender was making inroads into the big banks' market dominance. Metro is not the only smaller bank to have faced problems. One option is for smaller banks to gain scale through mergers and acquisitions.

Persons: Anthony Thomson, Vernon Hill, Toby Melville, John Cronin, Caius Capital, Jaime Gilinski, Dorita, Gilinski, Monzo, Starling, We've, Morgan Stanley, Gary Greenwood, Rupak Ghose, Shore Capital's Greenwood, Ghose, Shawbrook, Iain Withers, Pablo Mayo Cerqueiro, Anousha Sakoui, Huw Jones, Amy, Jo Crowley, Sinead Cruise, Chiara Elisei, Nelson Bocanegra, Alexander Smith, Jonathan Oatis Organizations: Metro Bank, REUTERS, Yorkshire, Lloyds, NatWest, HSBC, Barclays, Metro, Caius, Varde Partners, Harvard, Forbes, Finance, Bank of England, London Stock Exchange, The Bank of England, Prudential, Authority, Shore Capital, Reuters Graphics Reuters, Shore, Financial, Bank, Reuters, Thomson Locations: Holborn, London, BOGOTA, Starling, Colombian, Latin America, Metro, Bogota

☆ China-exposed European stocks rise after report of new stimulus
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022. REUTERS/Peter Nicholls/File Photo Acquire Licensing RightsLONDON, Oct 10 (Reuters) - China-exposed European stocks rose on Tuesday after Bloomberg reported China is looking to increase its budget deficit for 2023, part of a new round of stimulus to help the economy. Miners Anglo American , Antofagasta (ANTO.L) and Glencore (GLEN.L), and financial services companies Standard Chartered (STAN.L), (2888.HK) and Prudential (PRU.L) all rose 3-5%. Stephane Ekolo, global equity strategist at TFS Derivatives, said the news was "absolutely" driving price action in European assets. "When China sneezes, the world catches a cold, so a new potential stimulus is seen as a positive catalyst," Ekolo said.

Persons: Peter Nicholls, Stephane Ekolo, China sneezes, Ekolo, Alun John, Amanda Cooper Organizations: Chartered, REUTERS, Bloomberg, Miners, HK, Prudential, TFS, Thomson Locations: London, Britain, China, American, Antofagasta

Persons: Anthony Thomson, Vernon Hill, Toby Melville, John Cronin, Caius Capital, Monzo, Starling, We've, Morgan Stanley, Gary Greenwood, Rupak Ghose, Shore Capital's Greenwood, Ghose, Shawbrook, Jaime Gilinski, Dorita, Iain Withers, Pablo Mayo Cerqueiro, Anousha Sakoui, Huw Jones, Amy, Jo Crowley, Sinead Cruise, Chiara Elisei, Alexander Smith Organizations: Metro Bank, REUTERS, Yorkshire, Lloyds, NatWest, HSBC, Barclays, Metro, Caius, Varde Partners, Finance, Bank of England, London Stock Exchange, The Bank of England, Prudential, Authority, Shore Capital, Reuters Graphics Reuters, Shore, Financial, Bank, Reuters, Thomson Locations: Holborn, London, Starling, Metro, Colombian

☆ Metro Bank shares jump after deal to bolster finances
▼ + stars: | 2023-10-09 | by ( Iain Withers | ) www.reuters.com time to read: +3 min

Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsSummaryCompanies Metro Bank shares up as much as 26%Colombian billionaire Jaime Gilinski to take majority controlMetro backers face 'very painful rescue' - analystLONDON, Oct 9 (Reuters) - Shares in Metro Bank (MTRO.L) jumped in early trading on Monday, after the embattled British lender struck a fundraising deal overnight to bolster its balance sheet following urgent weekend talks in the wake of volatile trading. Metro Bank shares were up 26% at 56.9 pence by 0800 GMT. As part of the deal, Metro has agreed to a capital raise comprising 150 million pounds of new equity and a 175-million-pound issuance of bail-in debt known as "MREL". Metro shares remain around 97% down from when it first listed on the London stock exchange in 2016 at 20 pounds a share.

Persons: Hannah McKay, Jaime Gilinski, Gary Greenwood, John Cronin, Iain Withers, Louise Heavens, Clarence Fernandez Organizations: Metro Bank, REUTERS, Metro, Shore Capital, Bank of England's Prudential, Authority, Lloyds, HSBC, Metro's, Spaldy Investments, Thomson Locations: London, Britain

LONDON, Oct 8 (Reuters) - Embattled British bank Metro (MTRO.L) announced a 325 million pound ($396.5 million) capital raise and 600 million pound debt refinancing on Sunday, after a weekend of urgent talks to bolster its balance sheet after a volatile week of trading. Metro Bank had sought to shore up its finances after a string of setbacks in recent years, including accounting errors, leadership departures and delayed regulatory approval for key capital reliefs. The equity raise was led by Metro's largest shareholder, Gilinski-owned Spaldy Investments, which contributed 102 million pounds. The Bank of England's Prudential Regulation Authority said in a statement: "The Prudential Regulation Authority welcomes the steps taken by Metro Bank to strengthen its capital position." Reuters reported on Friday that Metro Bank was set to discuss funding options with its shareholders over the weekend, after a proposal from bondholders earlier in the week was seen as handing over too much control.

Persons: Jaime Gilinski, Gilinski, Iain Withers, Anousha, Huw Jones, Pablo Mayo Cerquerio, Londo, Lavanya, Lisa Shumaker Organizations: Metro, Metro Bank, Metro's, Spaldy Investments, of England's Prudential, Authority, Prudential, HSBC, Lloyds, Reuters, Thomson Locations: Colombian, London, Bengaluru

Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsLONDON, Oct 8 (Reuters) - British specialist lender Shawbrook made an offer for rival Co-op Bank and is weighing a fresh bid for embattled Metro Bank (MTRO.L), people familiar with the matter told Reuters on Sunday. Separately, Shawbrook is considering a potential new bid for London-listed Metro Bank after several failed approaches earlier in the year, the sources said. Shawbrook, Pollen Street and Co-op Bank declined to comment. Britain's Prudential Regulation Authority (PRA) is sounding out buyers over the weekend in hopes of finding a solution for ailing Metro Bank before markets open on Monday morning.

Persons: Hannah McKay, Shawbrook, Pablo Mayo Cerqueiro, Amy, Jo Crowley, Iain Whithers, Ros Russell Organizations: Metro Bank, REUTERS, Bank, Reuters, BC Partners, Pollen, London, Partners, Prudential, Authority, Thomson Locations: London, Britain, British

☆ Bank of England approached UK lenders to gauge interest in troubled Metro Bank, Financial Times reports
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +2 min

Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsOct 8 (Reuters) - The Bank of England's Prudential Regulation Authority approached a number of big UK lenders this week to see if they had any interest in taking over British lender Metro Bank (MTRO.L), the Financial Times reported on Sunday. JPMorgan and Metro Bank did not immediately respond to Reuters' requests for comment. Metro Bank has recently rejected a series of takeover approaches from specialist business lender Shawbrook and on Saturday held talks with bondholders about an equity injection alongside a debt restructuring, media reports said. Metro Bank said on Thursday its options included a combination of equity and debt issuance, as well as refinancing and asset sales.

Persons: Hannah McKay, Kanjyik Ghosh, Hugh Lawson Organizations: Metro Bank, REUTERS, Bank of England's Prudential, Authority, Financial Times, Sunday, JPMorgan, HSBC, Metro, The Bank of England, Saturday, Reuters, Metro Bank's, Thomson Locations: London, Britain, Bengaluru

Shawbrook is considering a potential new bid for London-listed Metro Bank after several failed approaches earlier in the year, people familiar with the matter also told Reuters. Metro Bank, Lloyds and Santander did not immediately respond to a request for comment. Metro Bank has seen its shares tumble after news emerged that it had hired advisers to shore up its balance sheet after failing to gain key capital relief from banking regulators. Metro Bank said on Thursday its options included a combination of equity and debt issuance, as well as refinancing and asset sales. While Metro Bank's customer deposits, like those of other UK banks, are backed by a government guarantee up to 85,000 pounds, the regulator is keen for concerns not to spread.

Persons: Shawbrook, Robey Warshaw, Elisa Martinuzzi, Pablo Mayo Cerquerio, Iain Withers, Amy, Jo Crowley, Bernadette Baum, Ros Russell Organizations: Prudential, Authority, Metro Bank, HSBC, Lloyds, London, Reuters, The Financial Times, JPMorgan, Metro, Sky News, Santander, Shawbrook, Thomson

Metro Bank and the Bank of England declined to comment. Metro Bank's largest shareholder is Colombian billionaire Jaime Gilinski, who owns around a 9% stake through his investment vehicle Spaldy Investments. Metro Bank's customer deposits, like those of other UK banks, are backed by a government guarantee up to 85,000 pounds. Metro Bank said on Thursday its options included a combination of equity and debt issuance, as well as refinancing and asset sales. The news wiped a quarter off Metro Bank's share value on Thursday as its shares hit a record low.

Persons: Jaime Gilinski, Dorita, Iain Withers, Anousha, Kirsten Donovan, Chris Reese Organizations: Metro Bank, Metro, Bank of England's Prudential, Authority, Bank of England, Metro Bank's, Spaldy Investments, Reuters, Thomson Locations: Colombian

Taylor Swift attends the 2023 MTV Video Music Awards at the Prudential Center in Newark, New Jersey, U.S., September 12, 2023. In her next act, Swift is poised to lift another corner of the economy: a movie box office still trying to recover from the pandemic and Hollywood strikes. “Swift and Beyonce will certainly fill some of the gaps,” said Box Office Pro senior analyst Shawn Robbins. BLOCKBUSTER SALESAdvance sales for "Taylor Swift: The Eras Tour" are on pace with a Star Wars or Marvel blockbuster. “But there's no question that the Eras Tour with Taylor Swift has really launched that into a new atmosphere.

Persons: Taylor Swift, Andrew Kelly, Swift, Taylor, Beyonce, ”, Barbie ”, “ Oppenheimer, “ Swift, Shawn Robbins, “, it's, Hunter, “ We’ve, Rolando Rodriguez, Brock Bagby, Queen Bey, Bruce Nash, Nash, Riley, Eric Wold, Dawn Chnmielewski, Lisa Richwine, Kenneth Li, Mark Porter Organizations: Prudential Center, REUTERS, AMC Theatres, Hollywood, Pro, SAG, Marvel, National Association of Theatre Owners, B, ”, Wedbush Securities, Thomson Locations: Newark , New Jersey, U.S, United States, Canada, Missouri, Los Angeles, New York

☆ Metro Bank plunges on talk of big fundraising to fix finances
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. As of Wednesday's close, Metro Bank was valued at 87 million pounds. The fundraising could include more than 100 million pounds from selling shares to bolster capital, three sources familiar with the matter told Reuters on Wednesday. Metro Bank recently brought in Morgan Stanley as adviser, the people said. Metro Bank is subject to higher capital requirements set by the regulator if unable to use its own models, a concern that has been weighing on the stock.

Persons: Hannah McKay, Gary Greenwood, Morgan Stanley, Danilo Masoni, Iain Withers, Sinead Cruise, Mark Potter Organizations: Metro Bank, REUTERS, Reuters, Shore Capital, Bank of England's Prudential, Authority, Metro, Thomson Locations: London, Britain

☆ Metro Bank: Shares in UK bank just plunged over 30%
▼ + stars: | 2023-10-05 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —Shares in UK lender Metro Bank sank as much as 31% Thursday following a report that it was urgently seeking to raise funds to shore up its finances. Metro Bank opened in 2010 as the first challenger to Britain’s major main street banks — including Lloyds (LYG), Barclays (BCS) and HSBC (HSBC) — in more than 100 years. Metro Bank’s assurances did little to support its share price, which pared some of its earlier losses but was down by 31% again by late afternoon in London. The bank’s shares are down almost 66% since mid-September when UK regulators refused its request to change the way it calculates capital requirements on its residential mortgages book. A Metro Bank branch in the UK city of Sheffield, seen in April Mike Egerton/APThe ratings agency noted that Metro Bank had to refinance a £350 million ($425 million) bond by October 2024.

Persons: “, Fitch, ” Fitch, Mike Egerton, Chris Beauchamp, isn’t, ”, — Hanna Ziady Organizations: London CNN —, Metro Bank, Financial Times, Lloyds, Barclays, BCS, HSBC, —, Metro, Bank, UK Financial, Prudential Regulation Authority, Bank of England, IG, CNN, Financial, Metro Bank . CNN, Prudential, Banking Supervision, Valley Bank, Signature Bank, First Republic Bank, Credit Suisse — Locations: ”, London, Sheffield, United States, United Kingdom, Basel

☆ UK's Metro Bank shares suspended multiple times after plunging more than 25%
▼ + stars: | 2023-10-05 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

LONDON — Shares of Britain's Metro Bank were briefly suspended from trading twice early Thursday, in a volatile session that saw the stock shed more than 29% from the Wednesday close. Investors traded more than 1.6 million shares immediately after the stock market opened Thursday, according to FactSet. Typically, less than 100,000 Metro Bank shares change hands every hour. Metro Bank was valued at £87 million as of the Wednesday close, according to Reuters. As such, the Metro Bank would be subject to higher capital requirements — a concern that has weighed on investors.

Persons: Keefe, Woods, — CNBC's Ganesh Rao Organizations: Britain's Metro Bank, London Stock Exchange, CNBC, Reuters, Metro Bank, Investors, Bank of, Prudential, Authority Locations: London

☆ Timeline of Racial Wealth Gap
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +8 min

Policies and practices that have disadvantaged Black Americans generation after generation help explain the racial wealth gap. Black veterans find it much harder to obtain benefits; one study finds Black claimants were twice as likely to have their applications queried. 1877Southern states begin enacting “Jim Crow” laws, which formalize racial segregation. The laws restrict civil liberties and limit job opportunities for Black people as employers relegate Black workers to lower-skilled roles. 1896The U.S. Supreme Court rules in Plessy v Ferguson that racial segregation is permissible.

Persons: Black, vagrancy, Union General William Tecumseh Sherman, Andrew Johnson, Jim Crow, Ferguson, Henry Ford, Woodrow Wilson, Smith, Bankhead Organizations: Civil, Union, Bureau, American Medical Association, Prudential, Companies, Black, American Federation of Labor, U.S, Supreme, Plessy, U.S . Department of Agriculture, U.S . Constitution, National Association of Real, Owners Loan Corporation, U.S . Commission, Housing Administration, Federal Housing Administration Locations: U.S, Southern, Black, Louisville , Kentucky, U.S ., Tulsa , Oklahoma, Los Angeles, Chicago, Levittown, New York’s

[1/2] Taylor Swift attends the 2023 MTV Video Music Awards at the Prudential Center in Newark, New Jersey, U.S., September 12, 2023. Swift's appearance, in addition to fueling further rumors about her romance with the Chiefs' star tight end, is sure to deliver another marketing blessing to the NFL. Sunday's game was the second-highest selling game of the NFL season after the season opener, Stubhub said. The cheapest nosebleed seat tickets for Sunday's game in East Rutherford, New Jersey, were going for $81 on Sunday afternoon, while resale tickets at the lower level cost close to $9,000. When Swift showed up at the Chiefs' game on Sept. 24, viewership among women ages 18-49 - Swift's prime fan demographic - spike 63% week-over-week.

Persons: Taylor Swift, Andrew Kelly, Travis Kelce, Ryan Reynolds, Hugh Jackman, Blake Lively, Stubhub, Swift, Taylor, Gabriella Borter, Joseph Ax, Frank Pingue, Lisa Shumaker, Stephen Coates Organizations: Prudential Center, REUTERS, MetLife, Kansas City Chiefs, New York Jets, Chiefs, National Football, NBC, Hollywood, NFL, Jets, Kelce, Football, Thomson Locations: Newark , New Jersey, U.S, New Jersey, United States, Kansas City, New York, East Rutherford , New Jersey, Washington, Toronto

☆ *NSYNC drop first new song together in 20 years
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

NSYNC members Justin Timberlake, Joey Fatone, Chris Kirkpatrick, Lance Bass and JC Chasez, attend the 2023 MTV Video Music Awards at the Prudential Center in Newark, New Jersey, U.S., September 12, 2023. REUTERS/Brendan Mcdermid/File Photo Acquire Licensing RightsLONDON, Sept 29 (Reuters) - *NSYNC, one of the most successful acts of the late 1990s, released their first new music together in 20 years on Friday, a song featuring in animated movie "Trolls Band Together". "Better Place" is the first new song Justin Timberlake, JC Chasez, Chris Kirkpatrick, Joey Fatone, and Lance Bass have worked on together since the U.S. boy band released their last studio album "Celebrity" in 2001. Timberlake, who voices character "Branch" in the "Trolls" film franchise, had shared a video of the quintet in the recording studio, working on the song. The band last performed together on stage in 2013 at the MTV Video Music Awards (VMAs).

Persons: Justin Timberlake, Joey Fatone, Chris Kirkpatrick, Lance Bass, JC Chasez, Brendan Mcdermid, Timberlake, Bass, we’ve, NSYNC, Taylor Swift, Marie, Louise Gumuchian, Alison Williams Organizations: Prudential Center, REUTERS, U.S ., MTV, Thomson Locations: Newark , New Jersey, U.S, Orlando , Florida

☆ Bank of England tells lenders to watch more closely for risky borrowers
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

A pedestrian walks past the Bank of England in the City of London, Britain, September 25, 2023. REUTERS/Hollie Adams Acquire Licensing Rights企業 Bank of England フォローLONDON, Sept 29 (Reuters) - The Bank of England wrote to lenders on Friday to urge them not to underestimate the risk of loan defaults as higher inflation and increased interest rates hit more vulnerable borrowers. However, in its letter to lenders, the BoE said they needed to look beyond aggregate risks and should identify whether particular types of borrower had specific vulnerabilities. Banks, for example, could look at spending patterns in their customers' current accounts and whether they had fixed-rate mortgages which would soon need to be refinanced at higher rates, the BoE suggested. It said for business lending, banks should not rely on a broad sector-based approach to risk and instead should in some cases consider specific companies' liquidity risks.

Persons: Hollie Adams, BoE, Victoria Saporta, Wilko, Banks, David Milliken, Kylie MacLellan 私 Organizations: Bank of England, City of, REUTERS, 企業 Bank of England, prudential, Wales Locations: City, City of London, Britain, England

☆ Mum's the bad word: Most big Menendez donors won't say if they will keep backing New Jersey senator
▼ + stars: | 2023-09-26 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

Several top party donors have privately told Menendez's campaign that he should resign, according to a longtime past supporter who spoke with CNBC. The PAC so far has raised approximately $300,000 for Menendez's 2024 reelection campaign, according to its president, Dr. Ben Chouake. NorPAC has donated a combined $15,500 toward the Menendez campaign and separate leadership PAC since 2017, according to OpenSecrets data. Prudential Financial , the large insurer, has donated $35,000 through their PAC toward Menendez's political operation since 2017, according to OpenSecrets. A Prudential spokeswoman declined to comment when asked whether the company's PAC would continue to support Menendez following his indictment.

Persons: Robert Menendez, Nadine Menendez, Sen, Bob Menendez, Menendez, NorPAC, Jon Kaiden, Kaiden, Cory Booker of, Ben Chouake, Chouake, We've, Couake, Goldman Sachs, General Atomics, Greenberg Traurig Organizations: New, New Jersey Democrat, CNBC, Baleon Capital, Menendez, Fund, Senate Foreign Relations, Banking, Finance, Democratic, Senate, Menendez's, PAC, Pfizer, Prudential Financial, Prudential, company's PAC, FEC, Comcast, Merck, Holtec Locations: Jersey, Union City , New Jersey, U.S, New Jersey, Israel, Manhattan, Cory Booker of New Jersey, OpenSecrets, Jerusalem

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