Dallas Neighborhood Homes Launches Housing Project Read more

Dallas Neighborhood Homes Launches Housing Project

Dallas Neighborhood Homes is a very popular non-profit making mortgage servicing provider. The organization works in close collaboration with the Dallas Area Habitat for Humanity. Just recently, the team announced that it was planning to offer quality and affordable housing loan programs to the individuals living in Dallas, especially the southern part. The two institutions will partner to offer over one hundred loans every year in the recent future to the low-income families based in Southern Dallas.

NexBank SSB, one of the best regional banks found in Dallas will offer more than fifty million dollars in loans to support the program that is expected to last five years or more. The Dallas Neighborhood Homes will then use the proceeds received to lend the poor families who want to acquire homes using the limited access mortgages. The organization is also planning to offer the families enough counseling about home ownership through the Dallas Area Habitat for Humanity.

NexBank Partners with Dallas Neighborhood Homes To Expand Affordable Home Ownership in Southern Dallas

Apart from providing the communities the capital they need, NexBank will be expected to pay any title fee that is reacquired in the closings. This will be done through the bank’s affiliates. At the end of the day, all these institutions want to make the living conditions better for everyone. The communities in the area are excited about the program, and they are looking forward to getting better housing.

NexBank Capital is one of the financial service companies that is based in Dallas. The institution offers its serving in three businesses: Mortgage banking, commercial banking, and investment banking. The banking institution provides customized banking and financial services mostly to the institutional clients, financial institutions, corporations, and individuals in the whole country.

The bank is very committed to its customers nationwide, and every day, it strives to deliver the best and uncommon value. The clients are given unrivaled access to the sophisticated and the custom tailored solutions that are designed by the qualified and experienced individuals working in the company.

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Understanding the Idea of Investment Banking Read more

Understanding the Idea of Investment Banking

Investment banking entails the aspect of creating capital for governments, companies as well as other entities. The types of banks that carry out investment banking are known as investment banks. These banks underwrite equity securities and new debts for all kinds of organizations. They guide issuers concerning the placement of stock and help companies that wish to merge so that they can form one organization. Also, investment banks assist corporations in selling their securities.

There are certain individuals who are considered as professionals in the field of investment banking. For instance, consider a person called Martin Lustgarten. He not only has knowledge in investment banking but also in other types of investments.
Being a citizen of Venezuela and Australia, Martin Lustgarten strongly believes in global investments. For ten years, he has dedicated much of his time helping his clients regarding the issue of investment. During this period, Martin invested in many countries. As a result of this, he has been able to reduce the number of challenges that he encounters and thus making sure that he has benefited from local growth and development.
As an investor, you can never go wrong if you copy Martin. This is because he does whatever it takes to acquire the best possible investments. He keenly observes each market making him have the ability to quickly know when a certain market is about to fall thus making him offer his clients good results. Martin’s ability to act fast when a market is about to fall has also made many investors to consider him as a typical role model.
Observing the market keenly is one way of making your investment become successful. If you want to invest, then act very fast when you see the market making a downturn. This will make you become prepared for any challenge that you might face while carrying out any investment. Follow the footsteps of experts such as Martin Lustgarten and you will be good to go.

Marcio Alaor Is A Bank Director That Takes Care Of Soccer Fans Read more

Marcio Alaor Is A Bank Director That Takes Care Of Soccer Fans

Banking in Brazil is not like banking in the United States. The rules and regulations in Brazil are weighed heavily toward banks, so many Brazilians never get bank loans. They save cash and pay as they go. If they want a home, they pay for it in cash a little at a time. It’s an archaic method, and the Brazilian government made some changes in banking laws in 2008 to get people to apply for more loans. Marcio Alaor, the director of the BMG Bank, believes those new regulations helped some people, but no everyone thought banks would give them a fair deal.

Marico Alaor built his reputation on fair deals. He grew up in a small city in the state of Minas Gerais, so he experienced poverty first-hand. In order to help his family, Marcio shined shoes as a boy. Of course, when he was not shining shoes, he was playing soccer in the dirt fields near his modest family house. Alaor got the chance to go to school, and he studied hard. He wanted a career in banking, and he knew exactly what bank he wanted to work for.

Alaor grew up watching the Land Credit Bank of Minas Gerais grow. He watch his friend’s family, the Guimarães family, change the Land Credit Bank into the Bank of Minas Gerais, and he wanted to be a part of that growth. His friend, Ricardo Guimarães, had the same dream as he did so it was only natural that Marcio would go to work for the BMG Bank after graduation.

Mr. Alaor learned the ins and outs of banking by working for the Guimarães family. When Ricardo became president of the bank in 1998, he wanted to put a team together that he could trust, and he knew Marcio had to be part of that team. Ricardo named Marcio Vice-President, and Director of the BMG Bank, and it was game on for the boyhood friends that were now part of the immense banking structure in Brazil.

Ricardo Guimarães depended on Alaor when the decision was made to sponsor the Minas Gerais soccer club. The executive team at the bank decided to sponsor the club and in return, players would wear the orange BMG logo on game days. The idea was to promote payroll loans using soccer players, and the plan worked. After the first couple of matches, BMG Bank’s payroll loan applications substantially increased. Alaor and his team would sponsor seven more soccer clubs over a five-year period, and that decision put BMG Bank in the spotlight.

BMG Bank was no longer a one state bank. Marcio Alaor and the BMG team turned the bank into a major competitor in the consignment credit business.

General overview of MarcioAlaor Read more

General overview of MarcioAlaor

Marcio Alaor is the director and vice president of BMG bank in Brazil. He has extensive background and knowledge on finance and economics field. For the past several years BMG bank has raised to fame due to Marcio great leadership skills. He is the man in charge of payroll bank loans thus giving best returns. In addition, he has concentrated more on the diversification of investment and funds thus ensuring clients receive standard and high quality services to their satisfaction. Marcio Alaor has been very influential to most people due to his amazing skills.
Success of BMGBank
BMG is a privately owned bank that was formed with an aim of offering credit to consumers who need it quickly and urgently. One of the key elements that have enabled BMG bank to succeed is its proper management which is controlled by Marcio Alaor. BMG has maintained its position for quite some time and is still among the top and best banks in Brazil. BMG bank provides numerous services to businesses and individual thus creating networks all over and good relations. These services include investments, insurance, deposits and credit cards. Individuals and businesses that have associated with BMGare in all times assured of opportunities to meet all their financial needs.
Marcio Alaor has had great influence on the bank including the forming teams that help solve all complex financial problems. Marcio Alar has helped the bank improve its operations to therefore overwhelming other tough competitors within the market. Moreover he has ensured governing principles have been implemented to ensure proper practices for clients.
Marcio Alaor has also taken part in explaining the Australians economy and why it is an exception from experiencing global crisis. He argues that this issue has gained prominence among other economic experts. Alaor reports that Australia is an exception because it has majored on the exportation of goods that are produced in large scale and traded widely in the international markets. These commodities are mainly agricultural such as wheat and soy beans and mineral goods like aluminum and iron. Marcio says that Australian economy has therefore done well in its operations and the exportation of commodities has served as a very important stimulus.
Brazil has been noted to being among the top world’s fast growing economies. BMG bank under Marcio Alaor leadership has been among the important sectors that have contributed largely to this success. Mr. Alaor understands well the needs of ordinary individuals in Brazil and through the bank he has been able to help them enjoy financial independence as much as they can. The staffs working under Marcio also have been trained to understand that credit access is one of the key factors that helps raise an economy to a better position.

George Soros on the Economy Read more

George Soros on the Economy


George Soros is one of the best people in the world when it comes to making predictions on the economy. Over the past couple of years, he has been one of the most accurate people on the global economic environment. This is one of the biggest reasons that many people are unsettle by his latest prediction. George Soros has said that this year is shaping up to be a lot like 2008. Over a long period of time, this could have far reaching implications on the overall economy. In this article by Bloomberg, George Soros makes it pretty clear that there is a lot of weakness around the world when it comes to the economy. Here are some of his biggest reasons for being bearish on the overall economy.


China has long been a nice engine for growth on the world stage. However, there has been a lot of weak data coming out of China in recent months. If this trend continues, it could signal a slowdown in China that the world is not expecting. There are many areas of the world that are experiencing low rates of growth. However, if the developing nations of the world are not growing quickly there could be a lot more issues than we were expecting. The world markets tend to respond very negatively when there is an issue they are not aware of. The weakness coming out of China is something that really took a lot of people by surprise.

Interest Rates

One of the biggest factors on the overall economy is the interest rates. This is essentially how much it costs to borrow money in the current economy. There is a theory that says the higher the interest rate, the slower the rate of growth will be in the economy over the long term. Anyone who is looking to make an impact in the economy can lower interest rates in an attempt to spur growth. However, low interest rates really punish the savers and those who have been trying to build up wealth. A low interest rate environment is difficult to invest in. Anyone who wants to try and earn a high rate of return in this environment is going to have a difficult time doing so.

George Soros

George Soros has been known to make a lot of economic predictions over the years. He is one of the few people who simply do not care whether or not people believe what he has to say. In 2008, he was one of the few people who were saying there was a lot to worry about in the economy. Over the long term, many people tend to follow what he has to say when it comes to the economy. George Soros is someone who has a track record of success when it comes to making economic predictions. This is one of the biggest reasons that so many people are worried about what he has to say on the subject.

Marcio Alaor: From Shoe Shine To VP At BMG Read more

Marcio Alaor: From Shoe Shine To VP At BMG

Rags to riches is truly the best way to describe the story of how Marcio Alaor has risen through the ranks of one of the top banks in Brazil. He started out at the bank as a shoe shiner and worked his way up to the top. He now stands as the vice president of the bank, but he makes sure that he never forgets who he once was and where he came from. In this article, published by The Exame, he talks about the different things that he has done in his career and what led him there.

One of the biggest inspirations for Marcio Alaor’s success is Dr. Wilmar. Wilmar was an executive at the BMG bank when Alaor was working a shoe shiner. Dr. Wilmar saw that there was a lot of potential in Marcio and worked to make him aware of the ways that he could hone his strong work ethic. He made sure that Marcio Alaor knew the proper steps to ensure success and that he would never be able to fail if he followed these steps. Among the values that he instilled in him, he also began curating a strong drive for success in the young man.

Shoe shiner was the last job that Marcio Alaor had that was not related to BMG bank. He was hired onto the bank after his hard work ethic became evident and he made sure that he never stopped striving to become one of the best. This strive allowed him to quickly rise through the ranks of the bank. He started out at an entry level position and now sits at one of the highest positions in the entire bank. This shows a lot of what he has done to be able to succeed with the bank.

There are many things that Alaor looks for when he sees potential new employees of the bank. While he understands that big degrees and years of banking experience are beneficial for some positions, he also knows that a drive for success is just as important. Marcio Alaor looks to recruit only people who have a drive toward success, people who know what they want and people who set goals that may actually scare them. He works with these people and helps them curate their own desire for success. He then gives them an opportunity to showcase that success with the BMG bank.



According to Em.com, in an interview with Estado de Minas, the BMG vice president confirmed that BMG has dropped discussions with the Bradesco and BTG banks. It has partnered with ITAU bank to create a new ITAU BMG bank that is set to open its doors to for business in the next three months. The announcement ends the continued speculation about the fate of BMG with the banks suggesting total purchase and control of the bank. The BMG vice president is optimistic the new deal is the best for BMG and its clients.
Giving the details of the partnership, Marcio told Estado de Minas the new bank will be funded with an R$ 1 billion capital contributed by both banks. The money will be shared at 30/70 ratio between the BMG and ITAU banks respectively. The BMG vice president explained the role of the new bank to focus mainly on the payroll credit industry. The partnership of Banco BMG and ITAU banks will open the private sector industry that is highly untapped.
Brazil is experiencing an economy crisis currently. Marcio acknowledged that the banks would turn to outsource the money due to its scarcity. The banks are working on the requirements that will ensure the 90 day period set by the bank is met. Among the logistics the banks are working on is avoiding international competition for the two banks in their operations.
The partnership gives BMG more space to continue its current operations. The ITAU bank, being the fifth largest in the country will also have more access to customers in the private sector. BMG targets to take advantage of the extensive distribution networks to maximum on the partnership. As the current agreement is, BMG will retain its customer database and independent in other operations.

Richardo Guimaries heads the Banco BMG bank as president. Marcio is the bank’s vice president and executive in the management of bank affairs. He is a highly experienced leader with strong management skills. Under the leadership of Marcio and Richardo the bank has become the largest sponsor of Brazilian soccer. Over 40 teams are currently sponsored by the bank overtaking the traditional sponsors like Adidas and Coca-Cola. Merci has received several honors for his excellent leadership. The recent is from his home city of San Antonio inaugurating a food court under his name.

The Excellent Performance Exhibited By BMG Bank Of Brazil Read more

The Excellent Performance Exhibited By BMG Bank Of Brazil

The financial world is diversified with various entities creating a niche for themselves in various lines of operation. Similarly, the BMG bank of Brazil has been a premier leader in the payroll loans activities whereby it has become a yardstick for such operations in the financial sector.

The payroll loans operations were facilitated by the joint venture between the bank and Itau Unibanco S.A. Consequently, this venture was geared towards dissemination and commercialization of payroll loans to various target groups in Brazil such as the pensioners and retirees of the Brazilian Social Security System.

Joint ventures comprise of sharing of shares or stock. Similarly, both Itau Unibanco S.A and BMG bank boast of 60% and 40% respectively in terms of voting and total capital stock. Subsequently, the bank was in a position to give priority to other products of the company that included BMG Empresas, funding for second-hand vehicles, and Payroll Credit Card.

The bank has enjoyed success in the industry due to its deep entrenched roots in the financial industry. Primarily because the bank has been in Brazilian financial sector since 1930, when the Pentagna Guimaraes family established it with the initial focus being consumer and wholesale financing. Its success is owed to the bank’s operational excellence, sales strength, ability to predict major market movements and adoption of efficient technology practices.

Credit decisions of the bank are enforced and effected by the credit committee. Consequently, through this credit policy, the bank has managed to boost its credit portfolio by dealing with key institutions and individuals. The members of this committee are intellectual, efficient and reliable in their operations or mandate.

In order for a corporate entity to succeed, it ought to have a well-qualified work force to perform its functions efficiently. Consistent with this fact, BMG has a specialized team of employees who value the strength of working in synergy teams. Teams are put up together through the bank’s structure for spotting talent and its meritocracy culture. Consequently, the employees are in a position to handle problems in their line of work efficiently through teamwork and ingenuity.

However, the success of the bank would not be possible without a strong governance team. It is operated through a Board of Directors or Executives whereby, Marcio Alaor is a member. Aiding in decision-making is part of his contribution to the board. Consequently, he has played a significant role in the bank’s payroll loans operations.

Away from cooperate matters he is a charitable individual. His philanthropic hand extends to helping in the development projects of his hometown, San Antonio. Due to this attribute, the local authorities and leaders acknowledged his effort by naming a town square after him.

Ricardo Guimaraes: Exploiting The Potential Of Consigned Credit Read more

Ricardo Guimaraes: Exploiting The Potential Of Consigned Credit

As the Brazil’s credit expansion began in 2003, many banks began expending their credit offerings to increase their share, and to increase their profits as well. As time passes, the banking world is becoming more complex and competitive than it used to be, due to the fact that people tend to invent new processes in order to bring about the customer satisfaction. So, the bank owners and experts have been doing everything possible to introduce innovative plans that would attract even more customers. One of the bank experts who has achieved in doing this is certainly Ricardo Guimaraes, after BMG’s introducing of consigned credit into this market.
Ricardo Guimaraes became the BMG’s president and owner 11 years ago, and since then he has made ever endeavor to move the bank to the next phase of success. But, his career began even earlier, when he began working with the BMG S.A. de C.V. in 1980, until becoming its Financial Executive Officer. Since then, he has been supervising the bank’s business and making all the necessary innovations.
As far as the introduction of consigned credit is concerned, Ricardo Guimaraes states that it is something that will certainly overturn the market in a positive way. Furthermore, as the investment still continues to grow, there are still 50% that are not exploited. So, in order to make more profits, the bank offered reliable payroll loans, so many banks are now competing in the consignment credit market. BMG has 18% of market share, and it is still searching for innovative profit streams, so no wonder it comes on top when it comes to consignment credit market.
So, the credit percentage has risen a lot when compared the previous years, and the bank’s credit market now has 6 million dollars that accounted for 20% of overall loans in the country. Then, the equity of BMG bank was about $325 million in 2004, until increasing to even $1.4 million in 2010, which is really impressive.
When it comes to credit markets in general, consigned credit markets represent the cheapest option, and BMK bank will continue to have the leading role here, with its 80% of shares in this market, and one of the biggest distribution channels of more than 50 000 agents.
To conclude, the consigned credit has provided BMG bank with the security that will help it make many loans, and Ricardo Guimaraes has even some plans to expand the division of consignment credit market.

Family Owned BMG Bank Is Riding Out The Recession Read more

Family Owned BMG Bank Is Riding Out The Recession

Family owned BMG Bank has a reputation for being fair, honest and helpful. BMG and the Guimarães family have been lending money to individuals and corporations since 1930. The Guimarães family have been exposed to a series of corrupt governments, recessions, inflation spikes and a currency that has been called the weakest in the world. But even though BMG has experienced those finicky financial and economic situations, the bank is as solid as any bank in the country.
The current CEO and President, Ricardo Guimarães has some work to do, and he knows it. Bankers around the country are nervous, and it won’t take much for them to start asking for help to offset some of the loans that will be in default. BMG has felt the recession in their vehicle financing department as well as in their consumer loan department, but the bank’s exposure is nothing like the exposure that state-owned banks have. BMG is solid, according to Mr. Guimarães, but that doesn’t mean BMG isn’t concerned about their outstanding payroll credit cards and car loans.
Some economists say Brazil will never be the same, but BMG’s Guimarães thinks that is an unfair statement. Brazil has a history of recovering from recessions, high inflation and inept governments. Brazil has the potential to rise above the issues. All it needs is the leadership. Leadership is one asset that has been lacking for years, and the country has suffered because of the blatant irresponsibility that seems systemic in Brazil.
Some BMG employees say if the Ricardo Guimarães family was in charge of the country, Brazil’s economy would be growing instead of shrinking. The banks would be lending money instead of tightening loan requirements. Inflation would be under control, and the unemployment rate would be below 5 percent again.
But Ricardo is happy doing what he does best, and that is running one of the most successful banks in Brazil. In the first quarter of 2015, BMG bank had a net profit of R$69 million. The bank’s total equity at the end of June was R$9,893 million. BMG bank continues to grow in spite of the issues that are plaguing the country. BMG employees continue to offer high-quality service to clients, and the employees of the bank are comfortable working in a consistent and relatively calm environment.
Overall, BMG is handling all the issues the way the bank does. That is with respect, appreciation and incomparable professionalism.