As part of its evolving brand strategy, Metro Bank today launches its first brand campaign, celebrating its long-standing belief in “people-people banking”.
The campaign – delivered through out-of-home advertising, cinema and online video, and paid search – is built on the bank’s philosophy that, whatever happens in the future of banking, people need people and value human relationships. Since its launch almost ten years ago, Metro Bank has been committed to hiring “people-people” with the upmost importance given to its award-winning1 customer service.
Metro Bank continues to buck the trend in the banking sector, which has seen a declining presence of high street branches2 and a shifting emphasis towards digitalisation replacing human interactions.
From today, more than 2,000 placements across 170 out-of-home locations can be seen close to Metro Bank stores. These feature six Metro Bank colleagues – identified via an internal talent search – who embody the spirit of “people-people banking”.
Byron Russell, Payment Specialist based in London, said of his involvement in the campaign: “True ‘people-people banking’ is at the heart of everything we do at Metro Bank. Amazing customer service is about not just going out of your way to help customers but living and breathing it every day. There is something important to be said for human interaction, the stories you tell, and the common ground you share. People love familiarity and knowing they can have questions answered by a person rather than a FAQ page.”
The campaign’s online video advert launches on 29 January 2020, and in cinemas on 7 February – appearing in around 400 cinemas near to Metro Bank stores across the country. This follows the journey to work of a Metro Bank store manager3, bringing to life what ‘people-people’ banking in the community feels like. It celebrates some of Metro Bank’s points of difference – from innovations such as instant debit card printing and Insights on the mobile app, to the bank’s early morning opening from 8am on weekdays.
Commenting on the campaign launch, Jessica Myers, Metro Bank’s Brand and Marketing Director, said: “Since we were founded nearly 10 years ago, our purpose has always been to create FANS. We champion the value of human relationships in banking. The launch of our first ever brand campaign now gives us an exciting platform to communicate this and showcase our award-winning customer service credentials.
“The response from colleagues to be involved in the campaign was incredible, they represent true ‘people-people’. One of the things that makes Metro Bank unique is our people, and this campaign is all about people – our customers, our local communities, and our colleagues.”
Unlike many of its peers, Metro Bank has innovated people back into banking. Its stores – that are open 362 days a year, seven days a week, from early until late4 – offer on-the-spot account opening with no appointment needed, free coin counting facilities, free community events, and give a warm welcome to the whole family including pets.
Metro Bank worked in collaboration with creative agency Mr. President and media agency GoodStuff to develop and deliver its first brand campaign.
Venture Global LNG Secures $220 Million in New Capital with Credit Facility from Morgan Stanley Senior Funding, Inc
Venture Global LNG, Inc. announces that it has entered into a $220 million bridge loan facility with Morgan Stanley Senior Funding, Inc. and associated lenders. Subject to the satisfaction of customary conditions precedent, the loan proceeds will be available immediately in full and will be used to finalize engineering work and commence site construction activity for the company’s 10 million tonnes per annum (MTPA) Calcasieu Pass LNG export project upon receipt of regulatory approvals and prior to a formal FID.
Co-CEOs Mike Sabel and Bob Pender jointly stated, “From the beginning, Morgan Stanley recognized our innovative strategy and exacting execution, and they have been a highly valued long-term partner to our team. This $220 million, along with the $635 million of equity capital we have raised to date, allows us to finalize advanced engineering, purchase equipment, and commence construction activities at our Calcasieu Pass facility in the near term, reducing schedule risk for our offtake customers.”
The 10 MTPA Calcasieu Pass facility will employ a comprehensive process solution from GE Oil & Gas, LLC, part of Baker Hughes, a GE company (BHGE) and will utilize mid-scale, modular, factory-fabricated liquefaction trains. Calcasieu Pass LNG’s selected EPC contractor, Kiewit, will commence construction of the facility following the receipt of all required regulatory approvals, including the Final Order from the U.S. Federal Energy Regulatory Commission (FERC), which is currently scheduled to be issued no later than January 22, 2019. The project has executed binding 20-year offtake agreements with world-class partners including Shell, BP, Edison S.p.A., Galp, Repsol and PGNiG.
The company is also developing the 20 MTPA Plaquemines LNG export facility in Plaquemines Parish, Louisiana, which has executed its first binding 20-year offtake agreement with PGNiG. Venture Global LNG expects to take formal final investment decisions (FID) on both its Calcasieu Pass and Plaquemines LNG projects in 2019.
Investors Bancorp, Inc. announced that Paul Kalamaras has been appointed Executive Vice President and Chief Risk Officer of the Company and Investors Bank (“Bank”). Mr. Kalamaras previously served as Executive Vice President and Chief Retail Banking Officer of the Company and the Bank since 2010.
Bill Brown has been appointed Chief Retail Banking Officer of the Company and the Bank. Mr. Brown joined the bank in August 2017 as Senior Vice President of Retail Banking and since then has been integral to the Company’s Retail Banking unit. His retail experience in the New Jersey and New York markets will continue to broaden the Bank’s relationships with consumers, businesses, nonprofits and its communities.
London, UK, 4 December 2018 — The Nominations for the inaugural 1st annual World Banking Awards have been announced today. The annual consumer choice award accepts nominations over the course of the year from consumers all across the globe within the key primary continents of Europe, Asia, Africa and North America. Over 1.7 million submissions have been received this year (2018) and live online voting commences from the 10th of December 2018 till the 25th of January 2019. The winners will be announced at the prestigious World Banking Awards ceremony taking place at in London on the 19th of February 2019.
Criteria for nominees include; creativity, transaction volume, market share, scope of regional, local, or global coverage, customer service, competitive pricing and innovative technologies.
Nominations were also received submissions from industry analysts, corporate executives and financial specialists. Overall, the banking and finance sector performed well in 2018. stocks have appreciated in the last 12 months. Payments continue to be one of the most disruptive and dynamic banking businesses. There have been innovations spanning the spectrum from incumbents to fintechs alike who are keen on thinking outside the box and reshaping the payments landscape. These changes are recognised by consumers who have witnessed a growth in choice and quality amongst financial service providers.
The demand for frictionless digital payment experiences continues and the World Banking Awards nominees for the Innovation Award showcases companies who are at the forefront of providing consumers with these experiences. Nominees include; PayPal, who crossed 250 million active users worldwide. Similarly, in China, Alipay is breaking new records for digital payment transactions with contactless in-store payments expected to see a yield of over $2 trillion globally by 2020. Other nominees going head to head for the Innovation Award include;
MoneyBox, Metro Bank, Starling Bank, Avant, Kreditch, Atom Bank, Deus Technology, Learn To Trade , N26 and LRI group.
Meanwhile, the Best Commercial Bank category sees TSB (UK) , National Bank of Kuwait
Activo Bank (Portugal) , Banco Nacional Ultramarino (Macao), Zenith Bank (Nigeria)
Alawwal Bank (Saudi Arabia), ING (Hungary), Natwest (UK), Bank of America (USA)
Commerzbank (Germany) go head to head with Royal Bank of Scotland (Scotland)
Metro Bank (UK), Barclays (UK), Kenya Commercial Bank (Kenya) and Banco Nacional de Guinea Ecutorial (Equitorial Guinea).
Here is a full list of nominees for the World Banking Awards:
Best Digital Bank
Best Mobile Banking App
Best Commercial Bank
National Bank of Kuwait (Kuwait)
Activo Bank (Portugal)
Banco Nacional Ultramarino (Macao)
Zenith Bank (Nigeria)
Alawwal Bank (Saudi Arabia)
Bank of America (USA)
Royal Bank of Scotland (Scotland)
Metro Bank (UK)
Kenya Commercial Bank (Kenya)
Banco Nacional de Guinea Ecutorial (Equitorial Guinea)
Best Private Bank
First Bank of Nigeria (Nigeria)
BBVA Continental (Peru)
Ahli United Bank (Bahrain)
BMO Private Banking (Canada)
Kaiser Partner (Liechtenstein )
First Abu Dhabi Bank (Abu Dhabi)
Bankhaus Spängler (Austria)
Banca March (Spain)
Banco BCS (Angola)
Best Money Transfer service provider
XE Money Transfer
Best Credit card company
Best Banking Group
PASHA Bank (Azerbaijan)
Zenith Bank (Nigeria)
Guaranty Trust Bank (Nigeria)
Kenya Commercial Bank (Kenya)
Crédit Mutuel (France)
Lloyds Banking Group (UK)
Baiduri Bank (Brunei)
Banking CEO of the Year
Richard Liu (JD Finance)
Min Luo (Qudian)
Mark Mullen (Atom)
Jack Ma (Ant Financial)
Pierre Imhof (Baiduri Bank)
Taleh Kazimov (Pasha Bank)
Peter Amangbo (Zenith Bank)
Anne Boden (Starling Bank)
Jamie Dimon (JP Morgan)
Sam O’Connor (Coconut)
Brian thomas Moynihan (Bank of America)
Edwin Bautista (Union Bank of Philippines)
Coutinho Nobr Miguel (Banco Sol, SA)
Laila Mamou (Wafasalaf)
Gbenga Alad, (Guaranty Trust Bank)
Best Investment Bank
Investec Private Bank (UK)
First Abu Dhabi Bank (UAE)
SaudiMed (Saudi Arabia )
BTG Pactual (Brazil )
Banreservas (Dominican Republic)
BNP Paribas CIB (France)
Deutsche Bank (Germany)
Arab Bank (Jordan)
Qatar National Bank (Qatar)
Boubyan Bank (Kuwait )
Coronation Merchant Bank (Nigeria)
Bank Muscat (Oman)
VTB Capital (Russia)
Akbank (Turkey )
MB Securities (Vietnam )
NS & I (UK)
Best Crowdfunding Platform
Learn To Trade
Best Loan Service Provider
Jamal Trust Bank SAL
Best Trading Platform
4 Africa Exchange (Pty) Ltd
Vote now for the World Banking Awards @ worldbankingphpl.local
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About World Banking Awards:
The World Banking Awards celebrates and recognises excellence in the finance industry with a focus on innovation and good customer service relation.T he annual consumer choice award accepts nominations over the course of the year from consumers all across the globe within the key primary continents of Europe, Asia, Africa and North America. Nominations are also received submissions from industry analysts, corporate executives and technology specialists. For more information. Visit: worldbankingphpl.local
The American business magnate, investor, speaker and philanthropist Warren Edward Buffett who serves as the chairman and CEO of Berkshire Hathaway is still considered one of the most successful investors in the world and has a net worth of US$84.4 billion as of November 1, 2018, making him the third-wealthiest person in the world. Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth, eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring and graduating from the University of Nebraska at the age of 19. He went on to graduate from Columbia Business School, where he moulded his investment philosophy around the concept of value investing that was pioneered by Benjamin Graham. He attended New York Institute of Finance to focus his economics background and soon after began various business partnerships, including one with Graham. He created the Buffett Partnership after meeting Charlie Munger, and his firm eventually acquired a textile manufacturing firm called Berkshire Hathaway and assumed its name to create a diversified holding company.
He is famous for having a good eye for value. These days, he has been looking hard at big U.S. banks.
Berkshire Hathaway (ticker: BRK.A) bought more than $13 billion of bank stocks in the third quarter, highlighted by a new, $4 billion holding in JPMorgan Chase (JPM) and an almost $6 billion purchase of Bank of America (BAC), the first major open-market buy by Berkshire.
Buffett’s company now holds stakes in seven of the country’s top 10 banks: Wells Fargo (WFC), U.S. Bancorp (USB), Goldman Sachs Group (GS), PNC Financial Services Group (PNC), and Bank of New York Mellon (BK), as well as JPMorgan and Bank of America. ( Citigroup (C), Morgan Stanley (MS), and Capital One Financial (COF) are the ones he decided to leave out.
Earnings at large banks are expected to rise about 40% this year. With income rising and stock prices generally lower, bank valuations have contracted. With the seven big banks, a longstanding investment in American Express , and some smaller bank stakes, Berkshire’s financial-stock exposure is about $85 billion. That’s more than 40% of Berkshire’s total equity holdings of $200 billion—against a 14% weighting for the group in the S&P 500.
Bank of America has announced a new Blended Finance Catalyst Pool with an initial allotment of $60 million and the opportunity to stimulate additional private capital to finance sustainable development in emerging and developing markets. CEO Brian Moynihan made the announcement in Buenos Aires, Argentina at the Investor Forum 2018, which was hosted by the government of Argentina and the World Bank Group in connection with the upcoming G20 meeting. The new program is designed as a revolving pool to mobilize additional private capital toward the United Nations Sustainable Development Goals (SDGs).
The financing pool specifically focuses on energy access (SDG7), affordable housing (SDG11), water and sanitation access (SDG6), and climate resiliency (SDG13). It will prioritize emerging markets, but also fund select opportunities in developed markets. The initiative aims to support economic growth and result in more sustainable jobs, development and projects as well as drive innovation.
“The private sector has an important role to play to fill the gap that exists between foundations and governments to finance solutions to some of the toughest global development challenges,” said Moynihan. “We’re pleased to work closely with the World Bank Group to address the Sustainable Development Goals and expand the use of blended and layered financing.”
At the Investor Forum today, World Bank Group President Jim Yong Kim and Brian Moynihan are among a gathering of global leaders discussing how, through collaboration and innovative financial solutions, the public and private sectors can drive positive change on critical global issues that more adversely impact emerging economies.
The World Bank Group has demonstrated the power of leveraging flexible financing to solve some of the world’s most critical issues. Its financing has provided loan guarantees or first-loss structures to attract private capital and mitigate investment risk, which has then brought scale and impact to key sustainable projects in emerging markets that otherwise may have not been initiated or completed due to their complexity.
Development banks, institutional and private equity investors, and other financial institutions are intended to co-invest alongside the Blended Finance Catalyst Pool, driving greater capital flows. Investment may be in the form of debt or equity and include funds that support SDG focus areas. In some instances, the bank’s capital investment may take a subordinated position in the layered capital stack with either junior or mezzanine tranches.
Bank of America’s efforts demonstrates the power to make a difference by having meaningful impact on challenging issues while supporting a strategy of responsible growth that returns value to the business, customers and shareholders. It also underscores the bank’s commitment to unlock capital that is needed to realize global commitments on climate change and sustainable development.
In 2017, the company deployed more than $55 billion in support of the SDGs through lending, investment, capital raising and other financing activities. The company and its employees in 2017 also invested more than $200 million in philanthropic giving globally to support organizations that help fuel economic and social progress.
Environmental, social and governance (ESG) principles guide how Bank of America delivers responsible growth and contributes to the global economy. The responsible products and services delivered to clients; the support provided to advance social and economic progress in local communities; and the focus on deploying capital to address global challenges such as affordable housing, clean water, education, health care, climate change and other critical areas outlined in the United Nations Sustainable Development Goals demonstrate the company’s commitment.
Santander Bank has unveiled Santander® Enterprise Payment Link (EPL), a robust, host-to-host payment initiation channel and client access portal to track and report on wire, ACH, and check payments to suppliers, customers, and employees.
Following the successful launch of Santander Treasury Link, Santander Enterprise Payment Link further automates payment processing while improving end-to-end transaction transparency and control.
“Santander Enterprise Payment Link is another example of our continuing investments in delivering valuable solutions as a trusted advisor and life-cycle financial partner that is committed to helping every client prosper,” said Robert Rubino, Santander Bank’s co-president and head of Commercial Banking. “Santander Enterprise Payment Link enables clients to streamline their payables process in an efficient and secure manner so that they can better serve customers and focus on more strategic activities.”
Santander Enterprise Payment Link features include:
Initiating ACH, wire, and paper check payments all through a single, secure file transmission
Accessing a single source for all host-to-host payment initiations and acknowledgements, providing real-time status online, including automated acknowledgement emails and payment status texts
Improving cash forecasting by systematically supporting existing payment scheduling disciplines
Enhancing audit control and payment tracing through a comprehensive query and reporting tool
“We designed Santander Enterprise Payment Link based on conversations with our clients, incorporating their ideas on how best to streamline their payment process,” said Ken Deveaux, managing director and head of transaction banking.
“This innovative payments solution allows clients to accelerate moving from costly, error-prone manual to automated processing”
PNC Bank, National Association has announced that in 2019 it plans to begin offering fully digital business lines of credit, up to $100,000, in an expansion of its online lending to customers and prospects in the United States.
PNC’s new digital product brings together one of the nation’s largest banks and OnDeck (NYSE: ONDK), the leader in online lending to boost small business. PNC will utilize OnDeck’s Platform-as-a-Service (ODX) solution to simplify and accelerate the conventional lending originations processes for PNC Bank’s small and medium-sized business customers.
PNC will combine its extensive product and credit expertise with ODX’s online origination technology and professional services to create PNC Small Business Lending, a fully digital, online business credit origination solution.
“Small and medium-sized business owners are continually searching for simpler, easier and quicker means to apply for and receive funding and to that end, PNC is investing in this new avenue to find solutions that work for them,” said Lakhbir Lamba, head of Retail Lending at PNC Bank. “Our relationship with OnDeck is PNC’s first opportunity to leverage the services of a fintech company in a platform-as-a-service model that will make it easier for businesses to borrow from us in order to support their growth.”
PNC Digital Business Lending – How it Will Work
When the platform is fully implemented during the first half of 2019, customers and prospective customers will be able to complete an application in as few as five minutes using desktop or mobile devices and, if approved, may receive funding of up to $100,000 within one to three business days. Applicants also may call at any point in the process to speak with a dedicated funding advisor.
As part of the origination process, ODX will collect and process both applicant and business information and instantly access a variety of third party data sources to gather credit and security information.
This agreement with OnDeck demonstrates PNC’s commitment to small and medium-sized businesses, according to Matthew Steenson, head of PNC Bank’s Business Banking unit.
“Small and medium-sized businesses are the backbone of the U.S. economy. Through PNC’s Digital Small Business Lending, we intend to create a seamless, customer-centric small business lending experience,” Steenson said.
The move to digital business lending marks a milestone for PNC, as business credit products have, up until now, only been available within the bank’s branch footprint and have required customers to complete the application process, in person.
“OnDeck is pleased to work with PNC to provide online lending to small and medium-sized businesses, offering ever greater efficiency and service,” said Noah Breslow, chief executive officer, OnDeck. “Our ODX platform service helps banks such as PNC offer swift and secure loans that grant their small business customers access to funds that will enable them to grow.”