BMG Bank President Ricardo Guimarães Is Redefining Bank Advertising In Brazil

Banks don’t like to be associated with controversial businesses or people that might tarnish their image in the financial world. Most banks stay away from running distasteful ads that could come back and haunt them. But one Brazilian banker is redefining bank advertising in Brazil, and it’s working. His name is Ricardo Guimarães.

Ricardo Guimarães comes from a long line of bank executives. Ricardo’s grandfather, Antonio, started the Land Credit bank in the State of Minas Gerais in 1930, according to a recent article published by CrunchBase.com. Ricardo’s father Flavio took over the bank when Antonio retired. The bank went through a growing and acquisition process through the years, and the name of the bank was changed to the BMG bank in the 1970s. In 1998, Ricardo became president of the BMG Bank, and he saw an opportunity that other bank executives didn’t see.

Ricardo is an avid sports fan, and he decided to combine sports and banking in order to promote bank products like payroll loans. Payroll loans are popular in Brazil because borrowers can get a lower interest loan when they used their monthly income as collateral. Ricardo approached the local Minas Gerais football club and offered to sponsor the club if they agreed to wear the three letter orange BMG logo on their jerseys during matches. R7.com interviewed Guimarães recently, and he said that meeting changed BMG bank forever.

Guimarães became Chairman of the football club known as Atlético Mineiro in 2001, and he remained in that position for five years. During that time, BMG Bank increased their football sponsorships, according to CMBH.mg.gov.br. BMG Bank’s orange logo was everywhere on football days in Brazil and the fans loved it. They loved the fact that a Bank could feel like one of them and when they needed a loan, BMG Bank was the first bank they called. BMG Bank had to hire more than 800 representatives around the country to handle the demand for their payroll loans.

BMG Bank is now the second most profitable bank in the payroll loan business. BMG Bank recently merged with the fifth largest bank in Brazil, Banco Itaú, and a new bank, Itaú BMG Bank, was formed just to handle the demand for payroll loans. The new bank processes new loans at a reduced cost to both banks so the profit margin increases on each loan. Most borrower’s payback payroll loans on time and they keep borrowing, so they can deal with inflation and the recession that is making like miserable in Brazil.

Let Madison Street Capital guide your Companies transition to an ESOP

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The Interesting and Inspiring Life of Sanjay Shah

Sanjay Shah’s professional career has turned out to be a very impressive one. His incredible success in the world of finance is something strived by many, but very few reach. As the founder and CEO of Solo Capital, Shah runs a boutique financial institution worth millions. The firm also handles millions in investment capital.

Incredibly, financial investing was not the field Shah initial sought for a career. Originally, he wanted to be a doctor. Medicine turned out to be something he ended up not really wishing to pursue. So, he switched gears and became an accountant. This new career path opened doors for Shah to work with a variety of top financial investment firms.

The experience of working with financial investment entities helped Shah develop a great deal of knowledge and skill. He also seemed to gain a strong passion for finance, and this passion set him down the path of founding Solo Capital. In an ironic twist, the global market crisis of 2008/2009 made accounting job prospects difficult for Shah. Rather than take a defeatist attitude, he went on to found his own company in the form of Solo Capital.

Again, Solo Capital is a firm that handles a significant amount of investment funds. The overall worth of the company is in the £15 range, and the headquarters of the company is in London.

Shah would end up acquiring other companies over the course of his career. There is another endeavor, however, that he puts an enormous amount of work into. This would be the charity Autism Rocks.

The charity focuses on raising money for autism research. Shah has a very personal reason for hoping to help those with autism. He son was diagnosed with the condition. Autism Rocks uniquely raises funds through private musical concerts. Shah has received much praise for his work with the charity.

Sanjay Shah’s life truly is inspiring.

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GEORGE SOROS AND OTHER BILLIONAIRES TO FUND DEMOCRAT CAMPAIGNS

 
The billionaire George Soros and other liberal billionaires have offered to give a $15 million donation in a bid to mobilize to Latinos and immigrants. This contribution and campaign move are aimed at widening the existent gap between Trump and the American immigrants. The Republican Party has been heard recently targeting the expulsion of the immigrants if they are to get a win in the 2016 elections. The move by George Soros is therefore in a quest to mobilize the immigrants and Latinos into bringing about a massive Democrat Voter turnout. The Democratic voter turn is most likely to target the immigrants and the Latinos more than any other group this fall. The new spending has been said to be the largest ever Democratic voter turn out to be exclusively targeted to the Latino and immigrant population in the United States.

Visit projectsyndicate.com to know more about George.

The money from these donations made by George Soros and other billionaires will be spent in the states that have the biggest numbers of Latinos and immigrants. The sensitizations and mobilization will be done in Nevada, Colorado, and Florida. These states are also known for their large numbers of Asian immigrants who need protection from any threatening deportation. The Immigrant voters Win Pac will be more political and extra partisan as compared to the past events. This time, round the Democrats, is going to waste no chance given to them by the Republicans who have announced their detest on the immigrants.
However, there are dissatisfactions shown by other immigrants and Latinos who have felt the Obama leadership did fully adhere to its promises of bringing in more rights to the Latinos and the immigrants. Organizers, therefore, have to fight this vice in their endeavors of seeking about 400,000 new Democratic followers to vote for the party come November this year.
Soros will bring in $5 million of the total amount. This will also get him back to the large scale political spending that had brought much liberal related fame to him. Soros’ contributions according to NY Times to the super PACs and political activities this election year will all mount $13 million. Soros is deeply struck by the idea that the Republicans’ anti-immigrant rhetoric whereby they are also claiming that they block Muslim refugees into the country if they seize power come November. Soros is a Hungary based immigrant who has spent enormously in funding immigrant organization and execution projects. He has always wanted to rally all the Latinos and immigrants together into one strong political force that would support the Democratic party. He also funded a big advertisement in 2004 which sought to help the Democratic John Kerry to power. The bid failed, however, but his donations worked in 2008 when Democrats won.

George Soros Predicts Global Markets Crisis that Echoes 2008

The Global Markets are currently facing acrisis, and there is in need for investors to be very cautious. George Soros revealed during an economic forum in Sri Lanka. George also said that China was struggling to get a new growth model, and its currency devolution was carrying problems to the rest of the globe. It a great challenge to the developing world to return to positive interest rates and that the current environments possess similarities to 2008.
The Stock, Global currency and the commodity markets are all under fire in the first week of the New Year. The sinking yuan adds to the concern about the strength of the Chinese economy as it moves away from the manufacturing and investment towards services and consumption. A total of $2.5 million was removed from the global equities during the year; losses increased in Asia on Thursday as a plunge in the Chinese equities stopped trade for the rest of the day.
George Soros said on Bloomberg Business, “China is known to have an important adjustment problem. It usually amounts to a crisis. There was a serious challenge whenever I looked at the financial markets. It reminded me of the crisis we had in 2008.”
George Soros also warned of a similar 2008 catastrophe. Speaking on a panel in September 2011, George said that the Greece-born European debt crunch was much more severe compared to the 2008 crisis.
George Soros owns a hedge fund company which gained approximately 20% every year on average from 1969 to 2011. It has a net worth of around $27.3 billion. This is according to the Bloomberg Billionaires Index. George started his career in New York City in 1950’s and received lots of positive comments in regard to his investing prowess in 1992 by gaining $1 billion with a bet that the United Kingdom will be pushed to devalue the pound.
Volatility measures are surging this year. The Chicago Board Options Exchange Volatility Index, which is also referred to as the VIX or the fear gauge, is up to 13 %. Nikkei Stock Average Volatility Index, which is also responsible for measuring the protection cost on the Japanese shares, also increased by 43% in 2016.
George Soros is the founder and also chairs the Soros Fund Management and the Open Society Foundations. George was born in Budapest in 1930. He survived the Nazi occupation during the World War II and ran away from the communist-dominated Hungary in 1947 heading to England.Soros graduated from the London School of Economics. He later moved to the US where he accumulated alarge fortune through the international investment fund.

George had been an active philanthropist since 1979 when he started raising funds to help the black students who attended Cape Town University during the apartheid period in South Africa.

Visit Open Society Foundations website to know more about George Soros.