Monthly archives "January 2016"

George Soros Praises the German Chancellor

A multi-billionaire financial speculator, George Soros, thinks European Union is close to collapse.

First, there is unresolved Greek debt crisis that doesn’t appear to be resolved but rather postponed. Second, an even bigger issue, the Middle-Eastern migrant crisis.

Last year, over a million migrants, mostly young men, arrived in Europe claiming asylum. While many appear to be legitimate refugees, some carry fake Syrian passports or refuse to disclose their identity.

Moreover, there were some incidents involving those migrants, especially the New Year’s harassment of local women across European cities.

All of this happened due to German Chancellor’s invitation to Europe. As a result, masses of migrants have flocked to Germany. This has led to severe criticism of Angela Merkel, at home and abroad. The proposal that these migrants get redistributed among EU countries has led to outright refusal by several member states.

Countries such as Hungary, Slovakia, and Czech Republic refused to accept these refugees at all, claiming that they already left war zones and came from safe lands such as Turkey. As it’s claimed, this is an economic migrant crisis.

This certainly led to disunity among the EU nations, with some even sending back their migrants to neighbor countries- or just letting them pass through to Germany.

Schengen Zone, and the free movement of people within the European Union, is in danger itself, with some nations building fences.

Yet, George Soros praised Angela Merkel for her pro-migrant politics. According to CNBC, Soros stated that Merkel was right to foresee the dangers of EU disintegration in the face of the migrant crisis.

Furthermore, Soros asks if the Germany wants to accept all the privileges as well as responsibilities of being the dominant power in Europe.

In 2016, it is expected that another million migrants will come to Germany. It looks that Soros feels it is German responsibility.

Not long ago, he caused another controversy with a claim that the EU should accept at million migrants per year for foreseeable future. Many Europeans disagree.

The concerns are financial burden, possibly increased crime rates, potential of more terrorist attacks on European soil (ISIS claims to be sending their men to Europe) as well as destruction of ethnic balance in EU countries.

It came to the point where some politicians make openly hostile comments to Soros’s proposal. One is for sure Victor Orban, the leader of Hungary. Meanwhile, the Russian leader, Vladimir Putin, went even further and banned Soros’s foundations from Russia.

Still, Soros’s quest for fame makes the 85-year-old continue with his “world-saving” ideas to the dismay of many.

Ricardo Guimaraes: The Man Behind the Rise of Banco BMG.

The Guimaraes family entered the financial sector in 1930 when Ricardo’s grandfather founded a financial institution known as Land Credit Bank. Under the leadership of Mr. Ricardo Guimaraes, Banco BMG has become a leading financial institution when it comes to payroll loans and personal loans. Banco BMG’s lean structure enables it to offer deals with low default and reduced interest rates.

 

Up to the mid 90’s, BMG funded retail and wholesale businesses. In the 80’s the bank was a leader in financing light and heavy vehicles and this enabled Brazil’s motor vehicle industry to rise significantly. Due to changing times, Bank BMG began to focus more on the assignment of payrolls, becoming a reference nationwide in this kind of operation.

 

In July 2012, Banco BMG signed an association agreement with Banco Itau Unibanco SA. The two institutions agreed to supply, distribute, and market Brazil’s payroll loans together. They decided to call the joint venture Banco Itau BMG Payroll SA.

 

In April 2014, the two financial institutions decided to sign an agreement to unitize their businesses. They concentrated their payroll loan operations under the joint business undertaking. This resulted in better and more efficient operations throughout Brazil. Banco BMG currently owns 40% of the voting and total capital while Itau Unibanco owns the 60% that is remaining.

 

According to a recent study by Endeavor and Meta, a British research institute, the profile of Mr. Ricardo makes him Brazil’s biggest entrepreneur due to his creativity, dreams, and vision. According to over 9,000 respondents who were interviewed in a recent survey by the two research organizations, almost all the respondents gave “big dream” the highest score and “proactivity” the lowest score.

 

Banco BMG continues to maintain a tradition of creating and valuing talent in sports and other activities related to art in the state of Minas Gerais. The bank has been sponsoring various categories all over Brazil especially in the visibility and prominence of athletes in the international arena.

 

According to Mr. Ricardo Guimaraes, it is vital to give support to Brazil’s dedicated, committed, and disciplined sportsmen, who are aiming to attain high goals. Such values are cherished highly by Banco BMG.

Ricardo restates that the partnership between BMG and Banco Itau Unibanco is aimed at presenting the name of the organization within the sports scent so that miners are also recognized nationwide.
Under Mr. Ricardo’s leadership, miners, as well as Banco BMG alongside its partners, have continued to make a real name for themselves in Brazil to their services to the country. It is no wonder that Mr. Ricardo continues to be a top Banker in Brazil.

Tips about Investment Banking Firms

The role of Investment banking is to advice companies and other entities on ways of raising funds for investment projects. Companies can use several ways to raise funds including capital and stock market s as well as private placement. Investment banks advices investors on the right time to float their equities at the stock exchange market watch through IPOs. Investment banking experts encourage companies with securities held by other private institutions or individuals to sell then and generate more funds for their projects. Investment banking firms have a broad network of expertise in relation to stock and financial markets. They have requisite knowledge and skills about all the legal processes involved and also current market demands that investors are searching for. Investment banking firms specialize in private equity, mergers and acquisitions, merchant as well as strategic investment plans as major deals for private placement.

An Overview of Kenneth Griffin

Ken Griffin is a hedge fund manager who began his first fund in 1987, when he was an economist student at Harvard University. He relied on his family and friends to raise the initial capital to fund his investment. He had installed a satellite at his dorm room to follow real market trends at the outside market. By the time Griffin was doing his senior year at the university, he had two funds with over $1 million in investment. After his graduation in 1989, he started Citadel LLC in 1990, and today it is one of the largest hedge funds in the world. Citadel has other affiliates including Citadel Securities and Citadel Technology. Citadel Security specializes in providing liquidity at the capital markets in the United States. On the other hand Citadel Technology focuses on information technology issues across the entire company (Citadel Group) as well as providing IT solutions to other clients. Ken Griffin and other high profile executives have been raising concerns about policies at the stock market that have not been reviewed foe a long time to be in line with the current market demands. In addition, he thinks the capital markets are controlled by young and inexperienced guys.