TV Realite

Metro Bank, an upstart British lender, said on Sunday that it has raised 325 million pounds, or $395 million, in new capital to help ease regulators’ worries about its financial health.The deal, put together after days of negotiations, is meant to help stabilize what was one of the first of Britain’s so-called challenger banks, created to take on incumbents like HSBC and Barclays..Founded in 2010 by an American banking veteran, Vernon Hill, Metro was the first new mainstream bank in Britain in over a century. The bank focused on building physical branches in prominent locations, offered Sunday hours, and grew to 2.8 million customers and £22 billion worth of assets.But it has struggled after it disclosed an accounting error in 2019 in which it underestimated how much capital it needed to ...

In a sign of continued economic stamina, American payrolls grew by 336,000 in September on a seasonally adjusted basis, the Labor Department said on Friday.The increase, almost double what economists had forecast, confirmed the labor market’s vitality and the overall hardiness of an economy facing challenges from a variety of forces.It was the 33rd consecutive month of job growth, and the increase was the biggest since January.The unemployment rate, based on a survey of households, was steady at 3.8 percent. It has been below 4 percent for nearly two years, a stretch not achieved since the late 1960s.“This is an economy on fire,” said Samuel Rines, an economist and the managing director at Corbu, a financial research firm.Hiring figures for July and August were revised upward, showing 119,...

The fighting between Israel and militants from Gaza could be a blow to the ambitions of Israel and the wider eastern Mediterranean region to become a hub for exporting natural gas to Europe and elsewhere.Those aspirations received a lift when Chevron, the American energy giant, acquired stakes in two large Israeli offshore gas fields when it bought Noble Energy in 2020 for about $4 billion. Nobel Energy had led the way in developing Israeli gas.Natural gas fields off the Israeli coast now account for about 70 percent of the country’s electric power generation, reducing the use of polluting coal. The gas has also helped Israel ease what had been a heavy dependence on energy imports.Those facilities have tight security, although one of the Chevron-operated production platforms, called Tamar,...