NexBank, a regional bank located in Dallas has partnered with Dallas Neighborhood Homes to support the expansion of their program in the next five years. Dallas Neighborhood homes is a nonprofit organization that provides mortgage services working alongside Dallas Area Habitat for Humanity to give affordable housing loans to southern Dallas families. They target at delivering more than 100 loans annually for the next five years to low income locals. NexBank is offering up to $50 million to fund the program. This will benefit the homebuyers with low income and limited to mortgage access. Additionally, they provide counseling services to prepare people on home ownership offered by Dallas Area Habitat for Humanity.
NexBank will also cater for title fees for completed closings through their affiliates, together with $2,000 closing costs on each loan. Dallas Area Habitat for Humanity, mortgage operation senior vice president Mark Tribuna expressed their gratitude to Nexbank for making affordable homeownership real to the many people in need. He noted that North Texas has the lowest homeownership rates and the program addresses this problem directly. He added that homeownership improves the living standards while enhancing the children’s opportunities for a better future.
NexBank announced the acquisition of College Savings Bank based in Princeton, New Jersey with over 529 college-savings programs. According to NexBank Capital Inc. CEO and president, John Holt, College Savings Bank will maintain its branding and name; also the institution will operate as a Division of NexBank. The transaction is a win to the parties involved and a key move in their overall funding program. NexBank COO and executive vice president, Matt Siekielski added that the acquisition would enable them to give better services to their clients and assist families in saving for college.
It is a unique chance to responsibly expand their platform and continue to achieve their short and long-term goals. College Savings Bank core business focuses on college savings, and it was established in 1987. The company has served as a parents’ partner in preparing their children’s for higher education. It is a program manager CD 529 Indiana College Choice Savings Plan and a bank plan for Arizona Family College Savings Program.
OSI Group has outstanding success and growth for an entire century. Since the start of the millennium, the food production company has pushed itself to new heights and has established a reputation as one of the largest food providers in the world. David McDonald has been with this company for three decades and have experienced the tremendous growth of OSI Group. David McDonald’s start with the company began immediately after college. He was a project manager in one of the man facilities owned by the major food brand. He stuck with the company through the most challenging times and is now at the top of the food industry dominant company.
Although the company is a major corporation today, he has made sure as the chief operating officer that he continues to lead this country with the same morals and principles that first began it. Before David McDonald was the COO of OSI Group and before this company was apart of the trillion dollar food industry, this was just a mere meat market located in Chicago. An immigrant from Europe opened the family business during the twentieth century. Just a few short decades later his small, family ran butcher shop became the supplier for McDonald’s chains nationwide. For the past twenty five years, this food provider has been seeking ways to expand its long list of ventures both domestically and internationally.
One of the ways OSI Group is expanding is through opening more facilities in new markets. They have expressed interest in opening facilities in certain Asian countries to be able to meet the growing needs of their customers in Asia. Additionally, David McDonald has a mission for the food company as well. He wants his meat production brand to be a sustainable brand. He wants his food company to lead the pack of food companies that do not harm the environment. He is making sure his company becomes sustainable by reevaluating their operational practices, making sure animals are treated fairly, being mindful of factors that effect the environment, remembering to protect the earth and also delivering a tasty product consistently.
Some people call him Randy. He has worked in various financial institutions for decades. Over the years, he has gained a good reputation for his professionalism. He is also a successful businessman. According to the Forbes Magazine, he is the 557th richest person in the world. He is a graduate of the University of Connecticut and Boston University. Randal Nardone specialized in arts in his higher education. After his education, he joined the job market and became a business leader due to his entrepreneurial endeavors.
He has inspired many people to join the business world. In his previous occupations, he has been commended for his ability to bring the workers together for a common purpose. He is the pioneer of several firms in the country. One of his biggest achievement is the founding of an investment company known as Fortress Investment Group. The firm has been operating for years and has helped thousands of businesspeople to make informed business decisions that guarantee them good returns for their investments. Randal Nardone heads Fortress Investment Group as its Chief Executive Officer since 1998.
Under his leadership, the investment firm has experienced an increase in the customer base. Many clients have benefited from the firm’s services such as the provision of credit funds and private equity. One of his main areas of focus is the range of services it offers. He has strived to increase the number of services available to the clients over the years. Before joining Fortress Investment Group, Randal Nardone worked for other firms such as Springleaf Financial Holdings, and Newcastle Investment Holdings.
Recently, Fortress Investment Group was acquired by SoftBank. The new owners chose to retain him at the helm of the firm due to his track record. The acquisition is estimated to be worth about $3.3 billion. All the stakeholders of Fortress Investment Group approved the transaction. Randal Nardone ensured that all the regulatory requirements were met during the process. According to the management of SoftBank, the firm would still use its current business models and would operate as its subsidiary. The new owner is known globally for massive investments in technology.
The focus on technological improvements has greatly impacted on the performance and growth of GreenSky Credit Firm. This is an organization based in New York that aids other credit firms in their lending operations by offering them financial and technological support. Recently, GreenSky has launched an online platform that has turned tables for both the borrowers and the financial institutions. This platform has ensured that the process of loan application has is smooth and also efficient. The efficiency features through the time used to complete theapplication process. Customers can fill in the application details and get their loans approved within seconds.
Paperwork and movements of the loan applicantshave also been alleviated by the platform, by ensuring that the application can be made through the computers or even at the comfort of the applicants’ smartphones. All the customers are required to do is to get into the GreenSky Credit website and fill in their personal and loan credentials. They are then required to submit the applications, which are then remitted to the credit facility from which the customer is borrowing. Then the financial institution reviews the details and either approves or declines the application. Once the application has been approved, a process that takes few seconds, the funds are processed by GreenSky Creditand remitted to the borrower’s account within the following forty-eight hours.
The main reason behind the success of GreenSky Credit is the leadership pillar that the company possesses. Led by the organization’s President, David Zalik, the employees of the company have been trained to establish and nurture professional business relationships with theinterested financial organizations. As a result, GreenSky Credit has entered into partnerships with many financial institutions in the country, which it has leveraged to increase its clientele base. GreenSky Credit has used this approach for years since it was established and it has proved to be quite fruitful in a myriad of ways. One of the ways that the company has realized the fruition of the approach is by the rapid growth of its valuation figure. At the end of last year, Zalik David, the CEO and President of the firm was happy to announce the company’s worth of $3.5 billion after valuation.
Stream Energy, a direct sale energy company based in Dallas, Texas, was recently featured in an article on Patch for solidifying their commitment to compassion and community. Where most lucrative businesses focus solely on profit margins and bottom lines, Stream Energy has chosen to shift its priorities towards customers in crisis after the surrounding area was affected by hurricane damage.
When hurricane Harvey tore through the Texas coast, the area was devastated. The rain and wind were relentless as those near and far stood powerless to help. It was the kind of severe natural disaster that leaves many people displaced and their lives forever altered. Loved ones and pets were lost as public and private property damages soared. No one could stop it from happening, but when the rains eased and the damage was surveyed there was a company ready to act. Stream Energy did not hesitate to provide their assistance through their charitable foundation known as Steam Cares.
Community outreach and support have been and integral part of the Stream Energy business model for over a decade. This commitment is the entire reason There is a charitable arm of such a profitable company. Their financial successes have allowed them to partner with and give back to the community that supports them. Their partnerships with organizations such as Habitat For Humanity and the Red Cross have helped make them a particularly effective partner in combating the issue of homelessness in the Dallas area.
To deliver aid and supplies to those in need after the hurricane, Stream Cares teamed up with the Hope Supply Co. It was through this partnership that food and supplies reached the families in need of it. This act of kindness and generous contributions like it make the highly profitable energy company is helping give Texans the hand they need while they recover from the aftermath of Harvey and beyond.
There is an interesting article featured on CrunchBase entitled “A Glimpse into What Drives Atlanta Entrepreneur Dr. Mark McKenna” that discusses the medical aesthetics business created by this Georgia resident. For those who are unfamiliar with the work of Dr. Mark McKenna, he has been a figurehead for the medical business world for many years. Early on in his career, he knew that he wanted to find a way to integrate medicine and business in a meaningful way. His efforts were successful, and he was able to create several businesses that are focused on the art of medicine. The higher-ups at this company liked McKenna’s business models so much that they offered to keep him on at the company for many years after the purchase.
His most current endeavor is that with OVME. OVME is a cosmetics and aesthetics company that helps connect clients with respected medical professionals in the field of aesthetics. It can sometimes be difficult to find a professional who will offer an exceptional level of medical care in this field. Many know where to go to get this type of care. OVME takes the guesswork out of searching for these professionals. They also provide a wonderful facility that is geared towards a homier type environment. Clients will feel as though they are being seen in their own homes. Dr. Mark McKenna has taken great pains to be sure that the environment is as inviting as possible.
The article is exceptional because it talks about the man behind the business Dr. Mark McKenna.Dr. Mark McKenna has significant motivations throughout much of his life. From the offset, it is obvious that he is dedicated to patient care in any setting. He also believes that much of his motivation comes from the enormous emotional support he receives from his family members. Knowing that they are in his corner helps him to face the challenges that he does every single day. Dr. Mark McKenna is also a huge advocate for taking out time for self-care. He believes that these are all ways that people can ensure success.
Whistleblowing has often been considered ethical under many circumstances. For instance, if the company is going to harm the public, a whistleblower comes in handy to educate the people and issue negated reports with the intention of arresting the management. Also, when the immediate supervisor of the employee does not come forward with the report, it becomes the responsibility of the whistleblower to report the issues. That brings you to Sahm Adrangi.
Sahm Adrangi is the head cheerleaderof Kerrisdale Capital Management. He established the company in 2009. But before that, he was employed as an analyst by the Deutsche Bank. He then joined Chanin Capital Partners where he served as an analyst in bankruptcy. He later joined Longacre Fund Management as an analyst as well. Here, he oversaw distressed debt fund. At the same time, he became prominent for publishing research on finance. Today, he is a prominent whistleblower who exposes fraudulent companies. The companies he first exposed include China Marine Food Group, China-Biotics, andLihua Internationalamong others. Additional Chinese targets have been charged by the SEC.
Duties and Roles
Since the establishment of Kerrisdale Capital Management, Adrangi has worked hard to develop the firm’s portfolio. What he started with about $1 million has now become worth $150 million. In his tenure, the company has conducted various researches on companies as well as industries. Currently, Sahm Adrangi has shifted his focus towards biotechnology where the company capitalizes on emerging companies likePulse Biosciences, and Zafgen, among others. Other than that, Kerrisdale Capital Management also focuses on exposing companies that offer false data on stocks, and telecommunication.
Recently, Sahm Adrangi issued a report on St. Joe Company. According to the $1 billion firm that deals with real estate, there are hopes to change desolate land adjacent to the Panama City into a major attraction site for retirees. However, according to Adrangi, this is highly unlikely. He reiterates that the firm’s financial position cannot sustain the project. He also adds that Joe will have to assume more than 2,000 home sites. While that is what Joe claims to have achieved, Sahm Adrangi and his team are sure that there is no progress. In fact, the company has not achieved half of what it claims.
After his long absence from Twitter, Shervin Pishevar recently came back with a bang and served his followers with fifty messages on his famed 21-hour tweet storm. Even though he stands out on social media as a man of many words, it seems he had been plotting a comeback for a while. He was waiting for the perfect subject to come up so he could jump back into action. Even though his fifty tweets touched on other subjects, they mostly revolved around the recent drop in the US stock market exchange.
Shervin Pishevar had some bad news for stock traders, and he claimed that things would go from bad to worse before the market could stabilize again. In his fourth tweet, he urged them to scramble for safety before it’s too late. According to the business guru, with all the gains that the traders had accumulated in 2018 gone, he believes that the profits they had accrued in 2017 will soon follow suit if they don’t pull out thanks to the skyrocketing interest rates, escalating credit account shortages and tax giveaways.
Government bonds are overrated
Shervin had more than one reason for his firm belief that the US’s stock market will continue to decline and he was more than glad to share them. Besides the reasons mentioned earlier, he went on to add that times have changed and bonds are no longer what they used to be and as such cannot be used to correct the situation. In fact, Shervin Pishevar compared them to ineffective overused tools.
He also believes that no amount of efforts to isolate America’s economy from the global economy will help correct the current status of the stock market because according to him, inflation has for decades and is still being exported from the American economy. He also went on to crash the hopes of traders who had thought of seeking refuge in Silicon Valley. He said that it lost its glory long ago and was no longer a place but any other viral idea. During the fifty messages tweet storm, Shervin Pishevar touched on various issues affecting the stock exchange market such as immigration, bitcoins, bonds, growth in China and SpaceX.
Barclays has appointed a new chief operating officer to beef up its investment banking sector in a bid to return its operation to its former glory days. Mike Bagguley, who has been serving as the head of macro markets unit has been promoted to this high-ranking role with an immediate effect. He is supposed to report to Tom King, who is the chief director of the investment bank.
This development is the newest change at the top management team of the banking giant, which also confirmed that Jes Staley who was the formerbanker at JP Morgan will be the new chief executive. According to analysts, this move signals a bid to reinforce its investment banking business. Under his leadership, Mr. Mike strived to oversee the reduction and reshaping of the banks’ macro business that included interest rates, foreign exchange products, as the trading income in the entire industry have dropped and rigid regulation affect profitability.
According to the statement released by Barclays, the role of Mr. Bagguley will include coordinating key projects across the investment bank. Recently, the bank nominated Sir Garry Grimstone as its Vice chairman, as the lender continues to grow its concentration on investment banking. Before being given this position, Sir Gerry has worked for 13 years with afinancial group Schroders in New York, Hong Kong, and London. He served as the duty-chairman of Schroder’s worldwide investment banking activities.
John McFarlane pointed out that the reposition of its investment bank was one of the key priorities. In 2012, the bank appointed Mr. Jenkins during the aftermath of the Libor rate-fixing scandal. He changed the investment banking way of doing business by coming up with a mandate to steady the bank and restore confidence in the group. Barclays investment bankwas established by its ex American chief executive officer Bob Diamond.
Mike Bagguley workedas the Director of Products and Foreign Exchange at Barclays Investment Bank as from May 2013. Mr. Bagguley was accountable for every phase of risk and premeditated positioning for Barclays Capital FX franchise internationally. Mike Bagguley went to Warwick University where he graduated with his Bachelors of Science in Mathematics in 1988.
Susan McGalla has made the effort to open doors in the business world for women despite the fact men are hired for the majority of leadership positions. Companies with more diverse ethnic policies often outperform other companies by 35 percent. The percentage of women CEO’s working at S&P 500 companies are below six percent. These statistics have not changed Susan McGalla’s goals. She understands women are prevented from attaining higher positions in government and business due to the glass ceiling. She believes in the initiatives and networking women have created to support one another.
Susan McGalla has two brothers and her father coached football. She never received any special treatment for being female. She realizes most women have not reached her success level in business and believes this is unfair. She was the President of American Eagle Outfitters and is the Vice President of the Steelers. Most women never reach this type of position due to the barrier of the glass ceiling. Susan McGalla is fighting gender discrimination with sponsorship opportunities. This enables an experienced executive to create new opportunities for women as an insider. This type of endorsement often provides acceptance.
Susan McGalla is an advocate providing credibility to capable and deserving women. She believes sponsorship can help women attain higher positions. She feels incentives are necessary to motivate sponsorship. She learned a lot of negotiating skills during her childhood which have served her well in her career. She was taught to work hard and back her ideas with confidence.